Advances in Fisheries Economics: Festschrift in Honour of Professor Gordon R. Munro

313 Pages·2007·14.166 MB·English

Advances in Fisheries Economics
Advances in Fisheries Economics
Festschrvt in Honour of
Professor Gordon R. Munro
Edited by
Trond Bjttrndal, Daniel V. Gordon,
Ragnar Arnason and U. Rashid Sumaila
0 2007 by Blackwell Publishing Ltd
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First published 2007 by Blackwell Publishing Ltd
ISBN-13: 978-1-4051-4161-1
Library of Congress Cataloguing-in-PublicationD ata
Advances in fisheries economics : festschrift in honour of Professor Gordon R. Munro /
edited by Trond Bj0mdal ... [et al.].
p. cm.
Includes bibliographical references and index.
ISBN-13: 978-1-4051-4161-1 (hardback : alk. paper)
1. Fisheries-Economic aspects. 2. Fishery management. I. Bjmndal, Trond.
11. Munro, Gordon Ross, 1934-
SH334.A38 2007
338.3’7274~22
A catalogue record for this title is available from the British Library
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Contents
Preface vii
...
Acknowledgements Vlll
Tabula Gratulatoria X
Chapter 1 On the Contributions of Professor G.R. Munro to
Economics 1
T. Bjandal and D.V. Gordon
Section 1 Property Rights and Fisheries Management
Chapter 2 Phases in the Evolution of Property in Sea Fisheries 17
A. Scott
Chapter 3 Property Rights Quality and the Economic
Efficiency of Fisheries Management Regimes:
Some Basic Results 32
R. Arnason
Chapter 4 Resolving the Class I1 Common Property Problem:
The Case of the BC Groundfish Trawl Fishery 59
R.Q. Grafton, H.W. Nelson and B. Tunis
Chapter 5 Auctions of IFQs as a Means to Share the Rent 74
D.D. Huppert
Chapter 6 Shadow Prices for Fishing Quotas: Fishing
with Econometrics 87
D. Dupont and D.V. Gordon
Section 2 Capital Theory and Natural Resources
Chapter 7 Rational Expectations and Fisheries Management 109
C.W. Clark
Chapter 8 Linking Natural Capital and Physical Capital:
A Review of Natural Resource Investment Models 119
A. Charles
Chapter 9 Fisheries Management with Stock Uncertainty and
Costly Capital Adjustment 137
M. Doyle, R. Singh and Q. Weninger
V
Section 3 Game Theory and International Fisheries
Chapter 10 The Incomplete Information Stochastic
Split-Stream Model: An Overview 159
R. McKelvey, P.V. Golubtsov, G. Cripe and K.A. Miller
Chapter 11 Coalition Games in Fisheries Economics 184
M. Lindroos, V. Kaitala and L.G. Kronbak
Chapter 12 Incentive Compatibility of Fish-Sharing Agreements 196
R. Hannesson
Chapter 13 Fish Stew: Uncertainty, Conflicting Interests
and Climate Regime Shifts 207
K.A. Miller
Chapter 14 A Dynamic Game on Renewable Natural Resource
Exploitation and Markov Perfect Equilibrium 222
S. Kobayashi
Section 4 Applied Fisheries Economics and Management
Chapter 15 The Role of the Fishing Industry in the
Icelandic Economy 239
S. Agnarsson and R. Arnason
Chapter 16 Factor Use and Productivity Change in a
Rights-Based Fishery 257
B.M.H. Sharp and C. Batstone
Chapter 17 Scientific Uncertainty and Fisheries Management 270
W.E. Schrank and G. Pontecorvo
Chapter 18 Spatial-Temporal Assessment Analysis with
Application to the Scotia-Fundy Herring Fishery 283
D.E. Lane
Authors 304
Index 305
vi
Preface
This festschrift is in honour of one of Canada’s foremost economists, Professor
Gordon R. Munro.
In recognition of Professor Munro’s contribution to the advancement of fisheries
economics and management, a group of his former students and colleagues organ-
ised a conference in his honour at the University of British Columbia, Vancouver,
Canada in August of 2004. The conference was attended by fisheries economists,
officials and managers from all over the world. Conference topics were ones to
which Professor Munro has made major contributions over his career.
A number of the papers presented at this conference, as well as invited papers,
were considered for inclusion in this festschrijt. After a thorough referee process,
the final set of papers was selected and is now presented in this book as a tribute to
Professor Munro.
The editors accepted the responsibility for bringing this volume to publication
because of the importance of Professor Munro’s contribution to the advancement
of the economics of the fishery and because of our long-standing relationship with
Professor Munro as a mentor, a colleague and a friend.
We thank all those who contributed to the success of the UBC conference,
in particular, Mrs. Maria Smith. We thank the authors for their contributions to
this festschrijt. The editors have benefited greatly from the assistance of numerous
anonymous referees, to whom we are indebted. We thank Miss Katherine Viner and
Miss Venetia Hargreaves-Allen, who served as editorial assistants. We are grateful
to Laura Price and Nigel Balmford of Blackwell Publishing for editorial support.
Trond Bj@rn da 1
Daniel K Gordon
Ragnar Arnason
U. Rashid Sumaila
vii
Acknowledgements
Generous financial support from the Department of Economics, the University of
British Columbia; the Fisheries Economics Research Unit, Fisheries Centre; the
University of British Columbia; the Department of Fisheries and Oceans, Canada;
and the Social Science and Humanities Research Council of Canada, is gratefully
acknowledged.
...
Vlll
Professor Gordon R. Munro
ix
Tabula Gratulatoria
Individuals
Elvira C. Ablaza Daniel E. Lane
Sveinn Agnarsson Audun Lem
Peder Andersen Marko Lindroos
Claire Armstrong Ted L. McDorman
Ragnar Arnason Stephanie F. McWhinnie
Chris Batstone Kathleen A. Miller
John Beddington Edward G.E. Mum0
Elizabeth Beravale James W.R. Muiiro
Trond Bjgmdal Virginia C. Munro
Ana Bras20 Joanna and Shawn Newman
Anthony T. Charles Jon Olaf Olaussen
Villy Christensen Daniel Pauly
Colin W. Clark Peter H. Pearse
Parzival Copes Pedro Pintassilgo
Anthony Cox Tony J. Pitcher
Asgeir Danielsson Gorazd Ruseski
Diane Dupont Per Sandberg
Agust Einarsson William E. Schrank
Ola Flaaten Anthony Scott
Daniel V. Gordon Basil Sharp
Quentin Grafton Massimo Spagnolo
Atle G. Guttormsen Stein Ivar Steinshamn
Rognvaldur Hanness on U. Rashid Sumaila
Knut Heen Jon G. Sutinen
Per Heum Louisa and Hideo Takahashi
Daniel Huppert Peter Tyedmers
Veijo T. Kaitala Niels Vestergaard
Gunnar Knapp Rolf Willmann
Shinji Kobayashi James A. Young
M* Dolores Garza Gil
Manuel Varela Lafuente
X
Organisations
Centre for Fisheries and Aquaculture Institute for Research in Economics
Management and Economics (FAME) and Business Administration, Bergen
Centre for Fisheries Economics, Ministry of Fisheries,
SNF Iceland
Department of Economics, Project Seahorse
the University of British Columbia
Fisheries Department, Food and Social Sciences and Humanities
Agriculture Organization of the Research Council of Canada
United Nations
xi