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The Pacific sardine fishery is shared but independently managed by three nations: Canada, USA and Mexico. As a result, potential conflict scenarios may arise. A stochastic optimal control methodology is presented to analyze potential conflict scenarios by first considering a deterministic logistic stock growth function and adding a stochastic term,...
Many international fisheries agreements involve sharing rules. These rules are normally stable rules, not contingent on shifts in the relative distribution or development of the resource. In the latest IPCC report,
the most likely future scenario is an increase in the global mean temperature, and most severely in high
latitudes....
Game-theoretic fisheries models typically consider cases where some n countries harvest a common fish
stock x. For this common resource they attempt to achieve an agreement that would be beneficial to all
countries. The present paper considers cases where the countries may be involved in several coexisting
agreements. We identify...
There is growing realization of the potential for games and experiments as powerful tools not only for research, but also for education and outreach. Experiments are particularly powerful and useful for fisheries economists because (a) they can vividly illustrate some fundamental concepts and (b) are effective at testing the relative...
We have developed simple and fun “fishing games” which can be played easily and quickly with cheap supplies—and which demonstrate important economic characteristics of fisheries. Players “fish” by scooping beads from a common bowl into individual cups placed near the bowl. The beads are the fish stock; the scoops are...
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...
In order to provide a rationale and mechanism for implementing responsible fisheries in practice, this paper examines the effect of establishing Regional Fishery Management Organisation (RFMO) with effective enforcement on cooperative possibilities in shared fisheries. The result shows that an increase in cooperation level is a social welfare improvement, and...
Marine Protected Areas (MPAs) can be considered as one of powerful conservation tools of fishery resource management in the literature. However, due to continuing environmental awareness and mismanagement, the Philippine government has decentralized the power of legislation and management of its MPAs since the early 2000. This encouraged participation of...
This paper studies the potential for cooperation in shared fisheries when the countries in the coalition act in a Stackelberg fashion with respect to the remaining singletons. An increase in the cooperation level is a social welfare improvement, leading to an increase in both the steady-state fish stock and total...