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

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<strong>of</strong> quota has increased over time. We evaluate two possible explanations <strong>of</strong><br />

this phenomenon, first that fishermen in this small fishery are withholding<br />

their ITQs to improve a depleted stock, and second that a combination <strong>of</strong> fixed<br />

costs and opportunities in other <strong>fisheries</strong> has created an excess ex post<br />

supply <strong>of</strong> ITQs. We argue that the first explanation is inconsistent with the<br />

observed facts <strong>of</strong> the wreckfish fishery, but that the second appears to match<br />

those facts fairly well. We conclude with a discussion <strong>of</strong> the implications <strong>of</strong><br />

our results for ITQ management.<br />

Bromley, Daniel W. (19??). "Property Rights and Economic Incentives in<br />

Resource and Environmental Economics." Draft <strong>of</strong> a paper presented<br />

at "The Political Economy <strong>of</strong> Natural Resource and Environmental<br />

Use," Department <strong>of</strong> Agricultural Economics, University <strong>of</strong><br />

Wisconsin, Madison.<br />

The paper presents a conceptual view <strong>of</strong> property rights as they<br />

influence resource control and hence resource use.<br />

Bromley, Daniel W. (1978). "Property Rules, Liability Rules, and<br />

Environmental Economics." Journal <strong>of</strong> Economic Issues, 12(1):43-<br />

60.<br />

A taxonomy <strong>of</strong> entitlements is presented.<br />

Bronsard, Camille and Lise Salvas-Bronsard (1984). "On Price Exogeneity<br />

in Complete Demand Systems." Journal <strong>of</strong> Econometrics, 24:235-247.<br />

Complete demand systems have always been estimated under the assumption<br />

that either prices or quantities were exogenous. In this paper, we introduce<br />

some explicit price adjustment process and test the assumption <strong>of</strong> exogeneity<br />

<strong>of</strong> prices. Comparing the model with endogenous prices to the model with<br />

exogenous prices will reveal that the assumption <strong>of</strong> the exogeneity <strong>of</strong> prices<br />

is not a very dramatic one as both estimated models are very similar in many<br />

experiments with American and Canadian data. Applying a system wide Wu-Hausman<br />

test and a likelihood ratio test, will always lead us to reject the exogeneity<br />

<strong>of</strong> prices in three commodity models, while at the more disaggregated level,<br />

prices may <strong>of</strong>ten be considered as exogenous.<br />

Brooks, David B. (eds.) (1974). Resource Economics, Selected Works <strong>of</strong><br />

Orris C. Herfindahl, Washington, D.C., Resources for the Future.<br />

The collected works <strong>of</strong> Orris C. Herfindahl concerning the nature and<br />

scope <strong>of</strong> resource <strong>economics</strong>, natural resource supply and conservation, the<br />

application <strong>of</strong> <strong>economics</strong> to the minerals industry, the supply <strong>of</strong> natural<br />

resource information, and the quality <strong>of</strong> the natural environment.<br />

Brooks, Prescilla (1986). REN 410 Notes. Department <strong>of</strong> Resource<br />

Economics, University <strong>of</strong> Rhode Island, Kingston, Rhode Island.<br />

Introductory <strong>fisheries</strong> <strong>economics</strong> taught by Dr. Jon Sutinen course notes.<br />

Brookshire, David S., Mark A. Thayer, William D. Schulze, and Ralph C.<br />

D'Arge (1982). "Valuing Public Goods: a Comparison <strong>of</strong> Survey and<br />

Hedonic Approaches." American Economic Review, 72(1):165-177.<br />

This paper reports on an experiment designed to validate the survey<br />

approach by direct comparison to a hedonic property value study.<br />

Brorsen, B. Wade, Jean-Paul Chavas, and Warren R. Grant (1987). "A<br />

8 9

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