The economics of marine resources and conservation policy the Pacific halibut case study with commentary / [electronic resource] :
edited by James A. Crutchfield and Arnold Zellner.
- University of Chicago Press, c2003.
- 1 online resource (xii, 226) : ill., map.
Includes bibliographical references.
Introduction and Overview by James A. Crutchfield and Arnold Zellner; Economic Aspects of the Pacific Halibut Fishery; Part 1: Basic Theory of Regulation and Its Application to Halibut Fishery; 1. Pacific Halibut Fishery; 2. Theoretical Basis for Management; 3. Objectives of Fishery Management; 4. History of Regulation of the Halibut Fishery; Part 2: Economic Effects of the Halibut Program; 5. General Effects of the Halibut Program; 6. Analysis of Port Pricing of Halibut: Theoretical Considerations; 7. Analysis of Port Pricing of Halibut: Empirical Results.
How can we manage a so-called "renewable" natural resource such as a fishery when we don't know how renewable it really is? James A. Crutchfield and Arnold Zellner developed a dynamic and highly successful economic approach to this problem, drawing on extensive data from the Pacific halibut industry. Although the U.S. Department of the Interior published a report about their findings in 1962, it had very limited distribution and is now long out of print. This book presents a complete reprint of Crutchfield and Zellner's pioneering study, together with a new introduction by the authors.