Throughout its history the North Pacific halibut fishery has experienced dramatic changes in season length—most recently a greater than tenfold decrease during the last fifteen years. This analysis estimates the effect on exvessel halibut demand of season length by incorporating it with...

An econometric model for the wholesale and ex-vessel markets of American lobster, Homarus amedcanus, was developed to determine the market impact of proposed increases in the minimum size for American lobster. Prices were found to be inflexible with respect to landing, imports, and income(i.e.,...

When the New Zealand government introduced individual transferable quotas for major commercial fish stocks, the initial allocation for some stocks exceeded their total allowable catches and made it necessary to buy back immediately some of the quota. Quota was offered back by tender. A simple...

This paper examines effort responsiveness to success in the California salmon partyboat sport fishery. The management process in this important fishery involves setting target harvest levels for both commercial andsportfishing groups and then using closed seasons, restricted gear, and...

A theoretical framework for estimating the economic value of the federal government's offshore oil and gas resources is developed. This framework is then applied to geological and economic data generated by the Minerals Management Service in support of their five-year leasing plan. With an 8...

The United States Environmental Protection Agency has responsibility under the Federal Insecticide, Fungicide, and Rodenticide Act (FIERA) to formulate pesticide policies on the basis of risk-benefit analyses. To measure the benefits of pesticide use, one must look at the losses in consumer and...

In this study we use a N-person differential game structure to represent a renewable resource industry in which the decision agents are few in number and noncooperative (as would be the case, for example, in international fishing wars). As an illustration we assume an environment similar to that...

The objective of this study is to determine the impact of (1) the new 1984 maritime boundary between the United States and Canada in the Northwest Atlantic and (2) the availability of the Brooklyn, New York, port as an alternative landing site on the distribution of domestic and imported...

This article presents a model of commercial fishing in a stochastic environment that focuses on the labor-employment contract. In a partial equilibrium context, the authors show that when boat owners and crew members are risk-averse, crop sharing is the optimal contract, and the resultant labor...

The twofold aim of this article is to model the structure of the Norwegian food farming industry for trout and salmon and to provide estimates for the scale elasticity and substitution possibilities. A translog functional form of the long run cost function is specified and estimated. The...