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

sockeye, chinook, coho, chum, and pink salmon was performed with cooperation
from the Fisheries Research Enhancement Division of the Alaska Department of
Fish and Game. Results indicate that for all species, except chinook, net
benefits will decrease as the enhancement program is expanded, and increase if
the enhancement program is scaled back. However, in only the case of pink
salmon was the estimated effect judged to be significant enough to warrant the
recommendation that the state would benefit from the reduction of the hatchery
program. Under this scenario there would, however, be significant regional
differences. For all scenarios, it is recommended that the State of Alaska
reduce its funding of the enhancement program and allow the fishers, through
the private nonprofit hatcheries, to fund the programs that they consider to
be profitable.
Boyce, John, Mark Herrmann, Diane Bischak, and Joshua Greenberg (1993).
"The Alaska Salmon Enhancement Program: A Cost/Benefit Analysis."
Marine Resource Economics, 8(4): 293-312.
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 salmon
was performed with cooperation from the Fisheries Research Enhancement
Division of the Alaska Department of Fish and Game. The main results are that
the additional producer's surplus generated by the pink and sockeye hatchery
programs are estimated to be less than the costs of running these programs.
Eliminating the entire pink or sockeye salmon programs is estimated to
increase net benefits by about 8% and 6%, respectively. A 15% increase in
either program is estimated to result in a reduction in net benefits and a 15%
decrease in either program is estimated to result in a slight increase in net
benefits. Estimates of the confidence intervals for net benefits suggest that
the gains from the elimination of either the pink program or the sockeye
program are statistically different from zero. However, changes of plus or
minus 15% of current hatchery production are found not to statistically affect
net benefits.
Boyd, Rick O. and Christopher M. Dewees (1992). "Putting Theory into
Practice: Individual Transferable Quotas in New Zealand's
Fisheries." Society and Natural Resources, 5:179-198.
New Zealand's implementation of an individual transferable quota (ITQ)
management system in 1986 for most of its fisheries is being observed closely
world wide. We describe New Zealand's ITQ system and analyze the first 5
years of the New Zealand experience. We use Copes' (1986) paper as a catalyst
to compare his assessment of potential problems of individual quotas with the
actual operation of individual quotas in New Zealand. The brief New Zealand
ITQ experience demonstrates that the economic rationale behind individual
transferable quotas is sound. We discuss the problems and positive effects of
New Zealand's experience. Individual transferable quotas should not be viewed
as a panacea, but simple as another fisheries management option.
Boyle, Kevin J. and Richard C. Bishop (1988). "Welfare Measurements
Using Contingent Valuation: A Comparison of Techniques." American
Journal of Agricultural Economics, 70(1):20-28.
Three commonly used techniques of asking contingent valuation questions
are compared: iterative bidding, payment cards, and dichotomous choice. The
results reveal that no single contingent valuation technique is neutral in the
elicitation of hicksian surplus and each technique has its strengths and
weaknesses. The iterative bidding estimates contain a starting point bias,
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