Natural Resource Economics; UCLA (Graduate) Cameron; Fisheries

Natural Resource Economics; UCLA (Graduate) Cameron; Detailed Curriculum; Fisheries

FISHERIES:

Lecture 1-----------------------------------------

A Simple Static Model of a Fishery

Schaefer curve, Maximum Sustained Yield (MSY)
Models of Exploitation (simple parametric)

Controlled-Access (Managed) Fishery
Open-Access Fishery

Industry Supply Curves
Fish Stocks as Natural Assets with Value (Portfolio Balance)

Lecture 2-----------------------------------------

Economically Optimal Extinction

Controlled-Access Fishery
Open-Access Fishery

A Simple Dynamic Model of a Fishery (Neher version)

Possible Trajectories in stock-effort space
Accidental Extinction
Models with both flow and asset values

Alternative Dynamic Model of a Fishery (Hartwick and Olewiler version)

capital gains, marginal stock effects, stock externalities
dynamic versus static steady-states

Fisheries Regulation (Theory and Practice)

optimal tax design (on catch, effort, licensing fees...)
fleet redundancy problem (Munro and Scott)

Extensions

Heterogeneous biology
Species Interdependence
International Fisheries
Uncertainty

Core readings:

Neher Ch. 1;
Hartwick and Olewiler (1e: Ch. 8, 9, 10 ; 2e: Ch. 4, 5)

Inventory of Recent Research

Supplemental:

Whitmarsh, "Richer Harvests: A CAI Approach to Teaching Fisheries Economics," Journal of Economic Education, Fall 1995, p. 336-351, implemented in EXCEL (downloadable)
Wilcoxen, P.J. "Greater Tuna" java applet for the management of a search fishery. I have not found the game to be all that satisfying, but it is an interesting demonstration of pedagogical technology.
Wilen, "Bioeconomics of Renewable Resource Use" HNREE-I
Munro and Scott, "The Economics of Fisheries Management" HNREE-II

Other literature:

Charles, Anthony T, "Fishery Socioeconomics: A Survey," Land Economics, August 1988, v. 64(3) pp. 276-295 (2 copies)
Copes, Parzival, "Canadian Fisheries Management Policy: International Dimensions," in D. McRae and G. Munro (eds.) Canadian Oceans Policy: National Strategies and the New Law of the Sea. Vancouver: UBC Press, 1989, pp 3-16.
Deacon, Robert T. "An Empirical Model of Fishery Dynamics," JEEM, 16(2), March 1989, pp. 167-83
Townsend, Ralph E. "Entry Restrictions in the Fishery: A Survey of the Evidence," Land Economics, 66(4), November 1990, pp. 359-78.
Kaitala, Veijo "Game Theory Models of Fisheries Management--A Survey" in T. Basar, ed. Dynamic games and applications in economics, New York: Springer, 1986, pp. 252-66.
Karpoff, Jonathan M, "Suboptimal Controls in Common Resource Management: The Case of the Fishery," JPE, (95), February 1987, pp. 179-94.
Johnson, Ronald, and Gary Libecap, "Contracting Problems and Regulation: The Case of the Fishery," AER (72), December 1982, pp. 1006-1022.
Clark, Colin W. and Gordon R. Munro (1975) "The Economics of Fishing and Modern Capital Theory: A Simplified Approach," JEEM, 2, pp. 92-106.
Clark, Colin W. and Geoffrey P. Kirkwood (1986) "On Uncertain Renewable Resource Stocks: Optimal Harvest Policies and the Value of Stock Surveys," Journal of Environmental Economics and Management, 13, pp. 235-244.
Conrad, Jon M. "Bioeconomics and the Bowhead Whale," JPE (97) August 1989, pp. 974-87.
Copeland, Brian R. "Strategic Enhancement and Destruction of Fisheries and the Environment in the Presence of International Externalities," JEEM, 1990, 19(3) pp. 212-26.
Crutchfield, J.A. (1979) "Economic and Social Implications of the Main Policy Alternatives for Controlling Fishing Effort," J. Fish, Res. Board Can. (36), pp. 742-752.
Scott, Anthony (1955) "The Fishery: The Objectives of Sole Ownership," JPE 63, pp. 116-124.
Yohe, Gary W., "Regulation under Uncertainty: An Intuitive Survey and Application to Fisheries," Marine Resource Economics 1(2) 1984, pp. 171-92.

Recent Material:

Anderson, Lee G. (1993) "Towards a Complete Economic Theory of the Utilization and Management of Recreational Fisheries," JEEM 24(3), May, pp. 272-95.
Burton, Peter S. (1993) "Intertemporal Preferences and Intergenerational Equity Considerations in Optimal Resource Harvesting," JEEM, 24(2), pp. 119-32.
Crabbe, Philippe, and Ngo Van Long (1993) "Entry Deterrence and Overexploitation of the Fishery," Journal of Economic Dynamics and Control 17(4), July, pp. 679-704.
Grafton, R. Quentin (1994) "A Note on Uncertainty and Rent Capture in an ITQ Fishery," JEEM 27, pp. 286-294.
Opsomer, Jean-Didier and Jon M. Conrad (1994) "An Open-Access Analysis of the Northern Anchovy Fishery," JEEM 27, pp. 21-37.
Ward, John M. and Jon G. Sutinen (1994) "Vessel Entry-Exit Behavior in the Gulf of Mexico Shrimp Fishery," AJAE 76, pp. 916-923.

(1997 additions)

Boyce, John R. , "Optimal Capital Accumulation in a Fishery: A Nonlinear Irreversible Investment Model," JEEM; 28(3), May 1995, pages 324-39.
Casey, Keith E. et al. , "The Effects of Individual Vessel Quotas in the British Columbia Halibut Fishery," Marine Resource Economics 10(3), Fall 1995, pages 211-30.
Feeny, David; Hanna, Susan; McEvoy, Arthur F. , " Questioning the Assumptions of the 'Tragedy of the Commons' Model of Fisheries," Land Economics 72(2), May 1996, pages 187-205.
Fischer, Ronald D.; Mirman, Leonard J., "The Compleat Fish Wars: Biological and Dynamic Interactions," JEEM30(1), January 1996, pages 34-42.
Grafton, R. Quentin, "Rent Capture in a Rights Based Fishery," JEEM 28(1), January 1995, pages 48-67.
Johnson, Ronald N., "Implications of Taxing Quota Value in an Individual Transferable Quota Fishery," Marine Resource Economics 10(4), Winter 1995, pages 327-40.
Kirkley, James E.; Squires, Dale; Strand, Ivar E. , "Assessing Technical Efficiency in Commercial Fisheries: The Mid Atlantic Sea Scallop Fishery," AJAE 77(3), August 1995, pages 686-97.
Terrebonne, R. Peter , "Property Rights and Entrepreneurial Income in Commercial Fisheries ," JEEM 28(1), January 1995, pages 68-82.

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Last updated: January 18,1999
Will be revised during the quarter.
e-mail: tcameron@econ.ucla.edu