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Multilateral Governance Of Fisheries: Management And Cooperation In The Western And Central Pacific Tuna Fisheries

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Author Info

  • Chand, Satish
  • Grafton, R. Quentin
  • Petersen, Elizabeth H.

Abstract

The tuna resources of the Western and Central Pacific are the world's largest and most valuable fisheries of their type and are of significant economic importance to the Pacific island countries through whose waters they migrate. Two major concerns exist with the current governance of this fishery. First, Pacific island countries receive only a small share of the resource rents from the tuna fisheries. Second, the current management structure of the fisheries will not ensure the long-term sustainability of the resources. This paper derives a model to show that the sustainability of the resource can be improved when a single policymaker acts as Stackelberg leader and sets a tax, or an equivalent quantity instrument, to maximize rents from the resource. A practical institutional mechanism is presented that mimics the model's rent maximization outcome and that offers substantial benefits to both Pacific island countries and distant water fishing nations.

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Bibliographic Info

Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 18 (2003)
Issue (Month): 4 ()
Pages:

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Handle: RePEc:ags:mareec:28232

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Web page: http://www.uri.edu/cels/enre/mre/mre.htm

Related research

Keywords: Resource /Energy Economics and Policy;

References

References listed on IDEAS
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  1. Carlson, Curtis & Burtraw, Dallas & Cropper, Maureen & Palmer, Karen L., 1998. "Sulfur dioxide control by electric utilities : what are the gains from trade?," Policy Research Working Paper Series 1966, The World Bank.
  2. Joskow, Paul L & Schmalensee, Richard & Bailey, Elizabeth M, 1998. "The Market for Sulfur Dioxide Emissions," American Economic Review, American Economic Association, vol. 88(4), pages 669-85, September.
  3. R. Quentin Grafton & Leif K. Sandal & Stein Ivar Steinshamn, 2000. "How to Improve the Management of Renewable Resources: The Case of Canada's Northern Cod Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 570-580.
  4. Bertignac, Michel & Campbell, Harry F. & Hampton, John & Hand, Anthony J., 2000. "Maximizing Resource Rent From The Western And Central Pacific Tuna Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 15(3).
  5. Arnason, Ragnar & Magnusson, Gylfi & Agnarsson, Sveinn, 2000. "The Norwegian Spring-Spawning Herring Fishery: A Stylized Game Model," Marine Resource Economics, Marine Resources Foundation, vol. 15(4).
  6. Kaitala, Veijo & Munro, Gordon R., 1993. "The Management of High Seas Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 8(4).
  7. R. Quentin Grafton, 2000. "Governance of the Commons: A Role for the State?," Land Economics, University of Wisconsin Press, vol. 76(4), pages 504-517.
  8. Pintassilgo, Pedro & Duarte, Clara Costa, 2000. "The New-Member Problem In The Cooperative Management Of High Seas Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 15(4).
  9. Brasao, Ana & Duarte, Clara Costa & Cunha-e-Sa, Maria A., 2000. "Managing The Northern Atlantic Bluefin Tuna Fisheries: The Stability Of The Un Fish Stock Agreement Solution," Marine Resource Economics, Marine Resources Foundation, vol. 15(4).
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Citations

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Cited by:
  1. R. Quentin Grafton & Rognvaldur Hannesson & Bruce Shallard & Daryl Sykes & Joe Terry, 2006. "The Economics of Allocation in Tuna Regional Fisheries Management Organizations (RFMOS)," Economics and Environment Network Working Papers 0612, Australian National University, Economics and Environment Network.
  2. Munro, Gordon R., 2007. "Internationally Shared Fish Stocks, the High Seas, and Property Rights in Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 22(4).

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