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Fishing Agreements and Macroeconomic Dependance: A Game-Theory Approach of the EU-ACP Framework

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  • Since January 2008, the fishing agreements between the European Union and ACP (African, Caribbean, Pacific) countries have changed to comply with WTO rules and improve the management of the fisheries. However, the poor countries depend perhaps too heavily on foreign aids to impose any management system to the distant water fishing nations. A classical game theory approach (fishwar model) is revisited to take into consideration the macroeconomic dependence of developing countries and identify the theoretical conditions (time preferences, compensatory payment level, negotiation leadership) under which the stock can increase and the countries share the resources. In this game, each ACP country has its own EEZ of a natural stock and can fish on its own or partly sell the access to the EU fleet (quota) against a compensatory amount. The Nash equilibrium context is compared to two Stackelberg settings.
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  • Vallée, Thomas and Patrice Guillotreau. 2008. Fishing Agreements and Macroeconomic Dependance: A Game-Theory Approach of the EU-ACP Framework. 12 pages. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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