Brief Summary of Minutes of Annual Meeting

Short-term Outcomes: 1. Continued development of fisheries performance indicators by members of W2004 in cooperation with The World Bank were implemented on a global scale by The World Bank to test the measures as a mechanism to estimate the wealth generated by individual fisheries and to evaluate and prioritize projects as part of their Global Program on Fisheries (PROFISH) 2. An experimental economics study was conducted to examine how fisheries management systems might develop over time when the participants themselves can directly influence the nature of the management scheme and to guide future efforts at instituting rights-based systems that are stable and self-policing. 3. Conducted 3 educational session at the biannual NAAFE 2013 meeting, emphasizing (i) the future training and employment opportunities for aquacultural and fisheries economists, (ii) the potential role of network analysis as a tool for understand seafood production and marketing, and (iii) describing the role and process of alternative methods of certifying sustainability in aquaculture and capture seafood industries. 4. An internet-based, distance education course developed as part of W2004 activities and entitled The Economics of Fish continues to be taught out of the University of Alaska as a way to address the problem of economic illiteracy in the fishing industry and in the fisheries policy and regulatory development process. Outputs: The participants produced the following in the third year of the project -- 10 refereed journal publications, 5 technical reports/theses, 3 conference proceedings papers and 4 working papers. Activities: Major activity items completed in the past year are listed below. Other activities, and more detail on those listed below, are included in the minutes of the annual meeting. 1. Calculated the statistical impact of biological and economic impacts of sea lice on farmed salmonids. 2. Determined the feasibility and profitability of commercial scale aquaponics in the United States 3. Conducted an experimental analysis of the willingess-to-pay for value-added prawns produced by commercial aquaculture operations. 4. Analyzed a bioeconomic model of scallop aquaculture production in the Colombian Caribbean with emphasis on the applicability of the analytic techniques to aquaculture in general. 5. Determined the long-term health effects, risk perceptions, and consumption patterns for aquacultured seafood in the United States. 6. Determined the supply and demand characteristics of various aqucultured and wild-caught seafood products in the United States. 7. Examined the sociological, economic, and physical factors that influence effective management strategies in wild fisheries.

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Social Network Analysis in Fisheries, p. 31 in Program and Book of Abstracts: 2013 NAAFE Forum. The University of Florida, Gainesville, FL. Larkin, S., J. Georges, A. Hodges, M. Allen, and D. Jones. 2012. The Economic Impact of the 2011 Florida BASS Federation Tournament to Osceola County and the Economic Value of Participants. EDIS document FE916, Food and Resource Economics Department, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, FL. Published October 2012. Available at http://edis.ifas.ufl.edu. Larkin, S., S. Alvarez, J. Tetzlaff, M. Allen, C. Walters, B. Lindberg, and B. Pine. 2012. Ecopath-based simulation and optimization of management options for the Eastern Gulf of Mexico reef fish fishery, p. 16 in ICES Report of the Study Group on Integration of Economics, Stock Assessment and Fisheries Management (SGIMM) Report 2012. International Council for Exploration of the Sea. Copenhagen, Denmark. Naomosa, E., S. Arita, C. Tamaru and P.S. Leung. 2013. Assessing Hawaiis aquaculture farm and industry performance, Aquaculture Economics and Management, 17(2):184-207. Naomosa, E., S. Arita, C. Tamaru and P.S. Leung. CTSA Project Update - Assessing Hawaiis aquaculture farm and industry performance, Regional e-Notes, Center for Tropical and Subtropical Aquaculture, April, 2013. Ropicki, A. and S. L. Larkin. 2013. Network Analysis of the Gulf of Mexico Red Snapper IFQ Program, p. 47 in Conference Program/Abstracts, CNREP 2013: 4th National Forum on Socioeconomic Research in Coastal Systems: Challenges of Natural Resource Economics & Policy. Center for Natural Resource Economics and Policy, Louisiana State University, Baton Rouge, LA. Savolainen, M.A., R.H. Caffey and R.F. Kazmierczak, Jr. 2012. The Recreational For-Hire Sector in the U.S. Gulf of Mexico: (Structural and Economic Observations from the Third Decadal Survey. 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Iowa State University Department of Economics WP #12014, August Singh, Rajesh and Quinn Weninger. 2012. Harvesting uncertainty and discards in multiple-species fisheries. Iowa State University Department of Economics WP #12015, August Uchida, Emi, Hirotsugu Uchida, Jung-Sam Lee, Jeong-Gon Ryu and Dae-Young Kim. 2012. TURFs and clubs: empirical evidence of the effect of self-governance on profitability in South Korea's inshore (maul) fisheries. Environment and Development Economics 17(01):41-65. Valcu, Adriana and Quinn Weninger. 2013. Markov-Perfect Rent Dissipation in Rights-Based Fisheries. Marine Resource Economics, 28:111-131. Valderrama, D., J. Cai, N. Hishamunda and N. Ridler (Editors). 2013. Social and Economic Dimensions of Carrageenan Seaweed Farming. FAO Fisheries and Aquaculture Technical Paper 580. Food and Agriculture Organization of the United Nations, Rome, Italy. 216 pages. Valderrama, D. and J.L. Anderson. 2013. Improving the economic management of the Bristol Bay (Alaska) sockeye salmon fishery in the age of aquaculture. Canadian Journal of Agricultural Economics 61:145-170. Weninger, Quinn and Larry Perruso. 2013. Fishing behavior across space, time and depth: With application to the Gulf of Mexico reef fish fishery, Iowa State University Department of Economics WP #13003, January. Wilen, Christopher D. & Wilen, James E., 2012. Fishing down the food chain revisited: Modeling exploited trophic systems. Ecological Economics 79(C):80-88. Wilen, James E., José Cancinoand Hirotsugu Uchida. 2012. The Economics of Territorial Use Rights Fisheries, or TURFs. Review of Environmental Economics and Policy 6(2):237-257.