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A game theoretic bargaining framework for cooperative management of the Pacific sardine

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  • The Pacific sardine (Sardinops sagax) has been one of the most abundant fish in the California Current Ecosystem (CCE) since the late 1990s. In recent years under a warm regimen, large Pacific sardine reached Canadian waters in mid-June and returned to the spawning ground in Southern California during October. The biomass of the Pacific sardine is a highly fluctuating entity that has been hard to quantify. Thus, the TAC (or the Total Allowable Catch) for the Pacific sardine varies considerably across years. As a result, industries suffer potential fisheries closures. Since the resource has been shared by these nations, there is the potential for conflict scenarios to arise. In this talk, we present a game theoretic approach that can be applied for management of this transboundary stock. In particular, we focus on a bargaining framework, that is endogenously determined, which in turn feeds into our model for cooperative management. Results from successful cooperative management of the Iberio-Atlantic sardine will be presented. Simulations and implications for cooperative management in a bargaining framework will be highlighted for the Pacific sardine. Our model is tailored to ensure a profit maximization goal for the sardine industry under current management scenarios.
  • Keywords: Fisheries Economics, Modeling and Economic Theory, Fisheries Modelling and Management
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  • Hariharan, Aneesh,V. Gallucci, S. McFarlane, C. Anderson. 2014. A game theoretic bargaining framework for cooperative management of the Pacific sardine. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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