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Creating Asset Accounts For A Commercial Fishery Out Of Equilibrium: A Case Study Of The Atlantic Sea Scallop Fishery

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  • Robert Repetto

Abstract

This paper demonstrates a methodology for constructing asset accounts for a commercial fishery in which the stock, harvest, and effort level are out of sustainable equilibrium. The paper adopts the framework used by the U.S. Department of Commerce Bureau of Economic Analysis in its preliminary 1993 Integrated Economic and Environmental Accounts and follows methodologies recommended by the National Research Council committee constituted to review those efforts. The accounts were constructed for the period 1985 to 1995 for the Atlantic sea scallop fishery, a significant commercial fishery, using information obtained with the cooperation of the National Marine Fisheries Service from existing databases constructed for management purposes. No significant additional data collection was required for the purpose of this study. Differences between the net rent and user cost values of the stocks over this period indicate the inefficient exploitation of immature scallop populations.

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  • Robert Repetto, 2002. "Creating Asset Accounts For A Commercial Fishery Out Of Equilibrium: A Case Study Of The Atlantic Sea Scallop Fishery," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 245-259, June.
    • Handle: RePEc:bla:revinw:v:48:y:2002:i:2:p:245-259
    DOI: 10.1111/1475-4991.00051
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    Cited by:

    1. Edwards, Steven F. & Link, Jason S. & Rountree, Barbara P., 2004. "Portfolio management of wild fish stocks," Ecological Economics, Elsevier, vol. 49(3), pages 317-329, July.
    2. Leiman, Anthony & Harris, Timothy, 2090. "The Design, Compilation, and Interpretation of Satellite Accounts of South Africa’s Fisheries: Some Critical Thoughts," RFF Working Paper Series dp-09-04-efd, Resources for the Future.
    3. Yang, Ming Ming & Sharp, Basil M.H. & Sbai, Erwann, 2008. "A Portfolio Approach for the New Zealand Multi-Species Fisheries Management," 2008 Conference, August 28-29, 2008, Nelson, New Zealand 96660, New Zealand Agricultural and Resource Economics Society.
    4. Min-Yang Lee & Cameron Spier & Andrew Carr-Harris & Sharon Benjamin, 2017. "Geographic Concentration of the Atlantic Sea Scallop Fishery," The Review of Regional Studies, Southern Regional Science Association, vol. 47(1), pages 25-46, Winter.

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