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...
Fishing for the life reef fish has been an important source of economy both at macro level and micro level. At Macro level, life reef fish for food (LRFF) plays a greater role in increasing export revenue since most of the fish are sold in overseas markets such Hong Kong...
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...
A scientific knowledge gap exists with regard to how benthic habitat is affected by destructive fishing methods, such as bottom trawling, and how this impacts upon the productivity of commercial fish stocks. This
article addresses analytically the effects of destructive fishing practices of a single gear fishery on a non-renewable...