This paper is drawn from a project report that was sponsored by the United Nations through the Benguela Current Large Marine Ecosystem Programme. We analyze the economics of fishery management in the Benguela Current Large Marine Ecosystem (BCLME), reviewing the case for and against regional co-operation in managing the BCLME....
A debate is emerging over the extent to which privatization of fishery resources – private ownership and resource management without significant state oversight- is practical and socially desirable. What we term the “optimists” maintain that there are no effective limits to privatization and that the decades old fear that privatization...
This paper puts forth the proposition that all catch share schemes should be analysed primarily through the lens of cooperative game theory, which has now been developed to an advanced degree in the analysis of international fisheries management. If the fishers in a catch share scheme are playing cooperatively, the...
We combine information from several global fisheries databases including
those from the Sea Around Us Project (www.seaaroundus.org) and the
Fisheries Economics Research Unit (http://feru.org) to project the future
potential gains in human welfare under the assumption that (i) global
fisheries continue the current declining trend observed over the last several...
This paper is designed to “set the stage” for the Special Session on Game Theory and Fisheries. It traces the origins of the application of game theory to fisheries economics, noting that, for the first quarter of a century after the publication of H. Scott Gordon’s 1954 seminal article, the...