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Fishery Management Games: How to reduce effort and admit new members AgEcon
Do, Kim Hang Pham; Folmer, Henk; Norde, Henk.
This paper addresses the two main problems that Regional Fishery Management Organizations face. First, how to induce independent nations to reduce their fishing efforts from the competitive equilibrium to prevent the fish stock from extinction or to increase profits. We argue that adjustment from the Nash equilibrium to a state of sustainable yield can be achieved by means of the proportional rule without harming any of the countries involved. Next we propose the population monotonic allocation scheme as management rule for the second problem: the division of profits within an
Tipo: Conference Paper or Presentation Palavras-chave: Fishery management; Proportional rule; Population monotonic allocation scheme; Shapley value; Resource /Energy Economics and Policy; C71; C72; D62; D74; Q22.
Ano: 2006 URL: http://purl.umn.edu/31964
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