annotated bibliography of fisheries economics literature - Office of ...

Boyce, John R. (1993). "Using Participation Data to Estimate Fishing
Costs for Commercial Salmon Fisheries in Alaska." Marine Resource
Economics, 8(4):367-394.
This paper estimates the fishing costs and the returns to fishing from
nine commercial salmon fleets in Alaska. The econometric model uses a twostage
least squares estimation procedure to estimate the effect of congestion
and heterogeneity on the returns to fishermen. The hypotheses that fishermen
are homogenous and that there is no congestion externality present in the
fisheries are strongly rejected. The data indicates that fishermen are quite
heterogeneous in fishing skill levels. This difference accounts for the
overall estimates of positive net returns to the common property fisheries.
Estimates of the net returns to the fisheries suggest that the returns to
different gear types vary largely. The set net fleets are found to have the
highest return as a percentage of total revenues.
Boyce, John R. (1995). Optimal Capital Accumulation in a Fishery: A
Nonlinear Irreversible Investment Model. Journal of Environmental
Economics and Management, 28:324-339.
A nonlinear two state variable, two control variable model of a fishery
with irreversible investment and harvest capacity constraints is examined.
The model relaxes assumptions of linearity in investment costs and variable
harvest profits in an earlier model by Clark, Clarke, and Munro (1979). In
both the linear and nonlinear models, the optimal capital accumulation paths
in new fisheries is characterized by a period in which the physical capital
stock level exceeds its long run sustainable equilibrium. However, unlike the
linear model, periods of positive net (but declining gross)investment are
optimal in the nonlinear model. This accords with observed capital
accumulation paths from a number of fisheries. The paper also finds different
effects in optimal harvest policy depending upon whether the linearity appears
in the variable profits function or the investment cost function.
Boyce, John R. (1996). "An Economic Analysis of the Fisheries Bycatch
Problem." Journal of Environmental Economics and Management,
31(3):314-336.
Bycatch is the incidental take of a species that has value to some other
group. This paper compares open access and individual transferable quota
equilibria to the equilibrium in which the joint value of the fisheries is
maximized. The open access induced problems can be corrected by an individual
transferable quota system only if both the target species and the bycatch
species have tradable quotas, and only if the bycatch species does not have
existence value. There exists a range of the bycatch-to-target species
harvest levels for which the total harvest of each will be exactly taken by a
given technology, even under open access. However, there may not even exist a
unique open access equilibrium if bycatch is allocated by rule of capture.
Prohibitions on the sale of bycatch reduce the bycatch level, but they also
reduce social welfare.
Boyce, John, Mark Herrmann, Diane Bischak, and Joshua Greenberg (1993).
"The Alaska Salmon Enhancement Program: A Cost/Benefit Analysis."
Presented at the International Conference on Fisheries Economics,
Os, Norway, May 26-28.
In May 1991, the Alaska Senate's Special Committee on Domestic and
International Commercial Fisheries initiated the first review of the state's
salmon enhancement program since its inception 20 years ago. As part of this
review, a cost/benefit analysis of the State's enhancement program for
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