@article{schuhmann_easley_2000, title={Modeling recreational catch and dynamic stock adjustments: An application to commercial-recreational allocation}, volume={76}, ISSN={["1543-8325"]}, DOI={10.2307/3147039}, abstractNote={This paper is motivated by the commercial-recreational fishery allocation issue. A dynamic stock model is developed which includes aggregate recreational effort. Benefits for red drum anglers from hypothetical reallocation are estimated with RUM, and costs to the commercial sector are also estimated. We aggregate net benefits across sectors, and discount over the simulated stock adjustment periods (24-46 years, depending upon parameter estimates assumed). Net benefits depend crucially upon the rate of recreational catch and effort adjustment to growth in stock. Under one set of modeling alternatives, reallocation does not yield positive net benefits.}, number={3}, journal={LAND ECONOMICS}, author={Schuhmann, PW and Easley, JE}, year={2000}, month={Aug}, pages={430–447} } @article{schuhmann_easley_1998, title={Stock dynamics and recreational fishing welfare estimation: Implications for natural resource damage assessment}, volume={80}, ISSN={["0002-9092"]}, DOI={10.2307/1244200}, abstractNote={From a modeling perspective, the assessment of damages to fisheries resources and welfare analysis of fisheries policy changes have many similarities. Both require information on the dynamics of stock and user group interactions. For damage assessment, beyond measuring how the stock is initially affected, we must know the timing and magnitude of stock growth as the resource recovers. In order to translate these stock changes into changes in resource services, we must quantify the relationship between stock and catch. Evaluating the desirability or efficacy of stock-enhancing fisheries policies requires much of the same information. Another sim-}, number={5}, journal={AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS}, author={Schuhmann, PW and Easley, JE}, year={1998}, month={Dec}, pages={1032–1037} } @book{an economic analysis of eel farming in north carolina_1977, publisher={[Raleigh: UNC Sea Grant, North Carolina University]}, year={1977} }