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....
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...
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...