Robustness of Sharing Rules Under Climatic Changes - The Case of International Fisheries Agreement Public Deposited

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  • 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. The lack of robustness of management systems of shared fish stocks with respect to exogenous changes has been addressed in several papers (see e.g. [14,15]). A more rigorous game theoretic analysis of sharing rules and their robustness with respect to especially economic parameters has been conducted in [12]. Their approach introduces a connection between cooperative games (sharing rules) and non-cooperative games (stability) and seems in particular suitable for a theoretic analysis of which type of sharing rules are robust. Our contribution is to analyze the possibility of finding sharing rules that can cope with long run changes in the composition of the fish stocks in an international setting due to climate change. The exploitation of the cod stock in the Baltic Sea serves as an illustrative example.
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  • Brandt, Urs Steiner and Lone Grønbæk Kronbak. 2006. Robustness of Sharing Rules Under Climatic Changes - The Case of International Fisheries Agreement. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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