Countries exploiting transboundary fisheries face strong incentives for over- exploitation. This basic economic insight has been validated empirically; transboundary fisheries tend to be in worse condition than fisheries in single nations. Thus, transboundary fisheries pose a significant, and globally ubiquitous, management challenge. Attempts to solve this challenge through cross-country cooperation...
The lack of property rights in fisheries is a well-known source of undesirable outcomes in terms of sustainability and profitability for fisheries. Both Territorial User Fishing Rights (TURF) and Marine Protected Areas (MPA) have been proposed as a tool for managing coastal fisheries, recovering stocks and improving fishing yields; it...
There is a considerable amount of work done in transboundary fisheries and the implications of non-cooperative scenarios using game theory; there is also plenty of research about Marine Protected Areas (MPA) and their role on improving biomass, fishing yields and fishermen profits. However, there is still a lack of studies...
Recent reports of fishery collapse paint a gloomy picture of the ocean's future; perhaps 100% of fisheries from the world's large marine ecosystems (LMEs) will be collapsed in just 40 years. While poor fisheries governance is now widely regarded as the cause, bioeconomic theory and anecdotal evidence suggest that rights-based...