LIST OF TABLES Table Page 1 Ordinary least squares with dummy variables parameter estimates for the Gulf of Mexico Reef Fish Fishery catch equations .................. ... 79 2 Four state Aitken's parameter estimates for the Gulf of Mexico Reef Fish Fishery catch equations ....... 80 3 Estimated relative fishing power indices by state, 1957-75 ..... ..... .. .. ... ... 84 4 Estimated number of standardized reef fish vessels and actual number of reef fish vessels in the Gulf of Mexico Reef Fish Fishery by state, 1957-1975 ...... 85 5 Estimated differences in intercepts for the Gulf of Mexico Reef Fish Fishery state catch equations ..... 93 6 Ordinary least squares parameter estimates for the Gulf of Mexico Reef Fish Fishery price equations ..... 96 7 Two stage Aitken's parameter estimates for the Gulf of Mexico Reef Fish Fishery price equations ....... 97 8 Estimated within and across state price flexibilities for states participating in the Gulf of Mexico Reef Fish Fishery ........ ......... .. 99 9 Estimated annual operating and maintenance costs for reef fish vessels by state, 1979 .... ... .. 105 10 Adjusted and unadjusted intercepts for the estimated Gulf of Mexico Reef Fish Fishery catch equations by state ..... ......... .... .108 11 Estimated catch, profits and effort levels cor- responding to maximum economic yield in the Gulf of Mexico Reef Fish Fishery ... .. ..... .. 109 12 Number of reef fish vessels in 1975 and the economically optimum number of vessels by state ...... 110 vi