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Entrepreneurship, policy, and resource use : the production of and competition for salmon

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Title Entrepreneurship, policy, and resource use : the production of and competition for salmon
Names Clark, Jerry E., 1949- (creator)
Johnston, Richard S. (advisor)
Date Issued 1985-07-01 (iso8601)
Note Graduation date: 1986
Abstract Fisheries economics is a recognized body of research
which is characterized by the joint study of economics,
the biological characteristics of fishery resources, and
the policies (regulations) used in the management of
fisheries. This thesis is composed of three papers,
each of which is primarily associated with one of the
three areas just mentioned. The three papers form a
unified whole by their concern with the manner in which
the salmon species of the northeast Pacific ocean, and
specifically, the salmon in and about the Columbia
River, are reared, harvested, and publicly managed.
The first paper (Chapter II) examines certain
theoretical issues associated with the open access
characteristics of most fisheries. The primary
conclusion of the paper is that standard policy tools
proffered by economists to solve the inefficiency
associated with open access, will not likely succeed.
Property rights are then shown to be a unique means to
structure incentives for resource use, including the
discovery of efficient uses for resources.
Chapter III examines a biological attribute
associated with the production of salmon, namely, the
relationship between the number of hatchery fish
released into the ocean, and the subsequent number of
harvestable adults. This aspect has become an important
issue with the emergence of large private salmon
aquacultural facilities, an entrepreneurial act
anticipated in Chapter II, and examined in some detail
in Chapter IV. The study attempts to determine if the
number of adults actually has been reduced by increasing
releases of hatchery fish. A non-standard regression
technique(Law of the Minimum) is employed to estimate
the functional form of the relationship between hatchery
releases, ocean conditions, and harvestable adults.
Finally, Chapter IV is a critical review of
economists' concern with the policy implications of
their research. It is demonstrated that economists can
not define the optimal use of resources, nor specify
policies which will lead to the optimal use of
resources. It is further argued that the economics
profession is now itself an important component of the
factors which affect resource usage in the open access
case. Thus, economists themselves need to be studied
when the purpose of the research is to understand how
resources with weakly defined property rights (open
access) are employed.
Genre Thesis/Dissertation
Topic Salmon fisheries -- Columbia River -- Economic aspects
Identifier http://hdl.handle.net/1957/25834

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