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

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the fishery, the conception, development, and implementation <strong>of</strong> the ITQ<br />

program. Monitoring the progress <strong>of</strong> the program is vital to evaluating<br />

whether it is fulfilling its objectives. The use <strong>of</strong> socioeconomic data is<br />

important not only for this process, but also in developing the ITQ program.<br />

A close look is given to the role socioeconomic data has played in this<br />

process. Some thoughts are provided on the lessons learned from this process<br />

and to what types <strong>of</strong> socioeconomic data could improve future implementation <strong>of</strong><br />

ITQ programs.<br />

Brainerd, Theophilus R., John M. Ward, and John R. Gauvin (1994). "A<br />

Look at the Utility <strong>of</strong> Socioeconomic Data for the Individual<br />

Transferable Quota (ITQ) Program for the Wreckfish (Polyprion<br />

Americanus) Fishery in the South Atlantic Region." Paper<br />

presented at the Atlantic States Marine Fisheries Commission<br />

Workshop on Socio-Economic Data and Analysis for Recreational<br />

Fisheries Management in Annapolis, Maryland, July, 19 pp.<br />

The individual transferable quota (ITQ) program for wreckfish in the<br />

south Atlantic was first implemented during the 1992-1993 season. The program<br />

has now entered its third year and so far no changes have been made to the<br />

initial actions that established the ITQ program. A monitoring program has<br />

been tracking landings, shares and coupons transactions, among others and has<br />

provided information to the stock assessment group that meets annually to<br />

evaluate the status <strong>of</strong> the fishery. This paper presents a brief background <strong>of</strong><br />

the fishery, the conception, development, and implementation <strong>of</strong> the ITQ<br />

program. Monitoring the progress <strong>of</strong> the program is vital to evaluating<br />

whether it is fulfilling its objectives. The use <strong>of</strong> socioeconomic data is<br />

important not only for this process, but also in developing the ITQ program.<br />

A close look is given to the role socioeconomic data has played in this<br />

process. Some thoughts are provided on the lessons learned from this process<br />

and to what types <strong>of</strong> socioeconomic data could improve future implementation <strong>of</strong><br />

ITQ programs.<br />

Brander, James A. and M. Scott Taylor (1998). Open Access Renewable<br />

Resources: Trade and Trade Policy in a Two-Country Model. Journal <strong>of</strong><br />

International Economics, 44(2):181-210.<br />

This paper develops a two-good, two-country model with national open<br />

access renewable resources. We derive an appropriate analog <strong>of</strong> factor<br />

proportions for the renewable resource case and link it to trade patterns and<br />

to the likelihood <strong>of</strong> diversified production. The resource importer gains from<br />

trade. However, a diversified resource exporting country necessarily suffers<br />

a decline in steady state utility resulting from trade, and may lose along the<br />

entire transition path. Thus the basic gains from trade presumption is<br />

substantially undermined by open access resources. Tariffs imposed by the<br />

resource importing country always benefit the resource exporter and may be<br />

Pareto-improving.<br />

Brandt, Hartmut (1999). Stretching Our Fish Stocks. Samudra (Sept): 37-42.<br />

A discussion <strong>of</strong> capacity, overfishing, and demand for seafood. The<br />

author suggests that the inelastic demand for fish is responsible for<br />

overcapitalization in <strong>fisheries</strong>. He feels this brings into question the<br />

usefulness <strong>of</strong> using ITQ to efficiently manage fish stocks. Two suggested<br />

types <strong>of</strong> intervention to improve marine ecological outcomes depend on (1) the<br />

future success <strong>of</strong> direct government actions to reduce worldwide catching<br />

overcapacities, and the coordination <strong>of</strong> these actions at the international<br />

level and (2) the successful propagation <strong>of</strong> ecologically, socially, and<br />

economically rational fishery policies.<br />

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