Advanced Search
MyIDEAS: Login

Analysis Of A Highly Migratory Fish Stocks Fishery: A Game Theoretic Approach

Contents:

Author Info

  • Naito, Toyokazu
  • Polasky, Stephen
Registered author(s):

    Abstract

    This paper develops a two-period noncooperative game-theoretic model of a Highly Migratory Fish Stocks (HMFS) fishery. In each period, the fish stock migrates from the Exclusive Economic Zone (EEZ) of a coastal state into the high seas, where distant water fishing (DWF) harvesters may harvest. We show that having an EEZ improves total welfare by reducing total harvest and that the degree of the welfare improvement increases when the number of harvesters in an HMFS fishery increases. We also show that an increase in the number of DWF harvesters leads to a larger harvest and rent dissipation. With open-access in the second stage, resource rent is totally dissipated for DWF harvesters, but not for the coastal state harvesters, which still earn positive rent.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://purl.umn.edu/28268
    Download Restriction: no

    Bibliographic Info

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

    Volume (Year): 12 (1997)
    Issue (Month): 3 ()
    Pages:

    as in new window
    Handle: RePEc:ags:mareec:28268

    Contact details of provider:
    Web page: http://www.uri.edu/cels/enre/mre/mre.htm

    Related research

    Keywords: Resource /Energy Economics and Policy;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Paul C. Missios & Charles Plourde, 1996. "The Canada-European Union Turbot War: A Brief Game Theoretic Analysis," Canadian Public Policy, University of Toronto Press, vol. 22(2), pages 144-150, June.
    2. Ehtamo, Harri & Hamalainen, Raimo P., 1993. "A cooperative incentive equilibrium for a resource management problem," Journal of Economic Dynamics and Control, Elsevier, vol. 17(4), pages 659-678, July.
    3. Plourde, Charles & Yeung, David, 1989. "Harvesting of a Transboundary Replenishable Fish Stock: A Noncooperative Game Solution," Marine Resource Economics, Marine Resources Foundation, vol. 6(1).
    4. Eswaran, Mukesh & Lewis, Tracy R, 1984. "Appropriability and the Extraction of a Common Property Resource," Economica, London School of Economics and Political Science, vol. 51(204), pages 393-400, November.
    5. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
    6. Hannesson, Rögnvaldur, 1995. "Fishing on the high seas: cooperation or competition?," Marine Policy, Elsevier, vol. 19(5), pages 371-377, September.
    7. Reinganum, Jennifer F & Stokey, Nancy L, 1985. "Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(1), pages 161-73, February.
    8. David Levhari & Leonard J. Mirman, 1980. "The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 322-334, Spring.
    9. Kaitala, Veijo & Munro, Gordon R., 1993. "The Management of High Seas Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 8(4).
    10. Ferrara, Ida & Missios, Paul C., 1996. "Transboundary Renewable Resource Management: A Dynamic Game With Differing Noncooperative Payoffs," Marine Resource Economics, Marine Resources Foundation, vol. 11(4).
    11. Gordon R. Munro, 1979. "The Optimal Management of Transboundary Renewable Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 355-76, August.
    12. Kennedy, John O.S., 1987. "A Computable Game Theoretic Approach to Modelling Competitive Fishing," Marine Resource Economics, Marine Resources Foundation, vol. 4(1).
    13. Fischer, Ronald D. & Mirman, Leonard J., 1992. "Strategic dynamic interaction : Fish wars," Journal of Economic Dynamics and Control, Elsevier, vol. 16(2), pages 267-287, April.
    14. Charles F. Mason & Stephen Polasky, 1997. "The Optimal Number of Firms in the Commons: A Dynamic Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1143-60, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Bergland, Harald & Clark, Derek J. & Pedersen, Pal Andreas, 2002. "Rent-seeking and quota regulation of a renewable resource," Resource and Energy Economics, Elsevier, vol. 24(3), pages 263-279, June.
    2. Powers, Joseph E., 2004. "Strategic Interaction in United States Fishery Management Councils," Marine Resource Economics, Marine Resources Foundation, vol. 19(4).
    3. Long, Le Kim & Flaaten, Ola, 2011. "A Stackelberg Analysis of the Potential for Cooperation in Straddling Stock Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 26(2).
    4. Costello, Christopher & Polasky, Stephen, 2008. "Optimal harvesting of stochastic spatial resources," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 1-18, July.
    5. Harald Bergland & Derek J. Clark & Pål Andreas Pedersen, 2001. "Rent-seeking and Quota Regulation of a Renewable Resource," Studies in Economics 0106, Department of Economics, University of Kent.
    6. Lone Grønbæk, 2000. "Fishery Economics and Game Theory," Working Papers 14/00, University of Southern Denmark, Department of Environmental and Business Economics.
    7. Hung, Chih-Ming & Shaw, Daigee, 2006. "The Impact of Upstream Catch and Global Warming on the Grey Mullet Fishery in Taiwan: A Non-cooperative Game Analysis," Marine Resource Economics, Marine Resources Foundation, vol. 21(3).
    8. Naito, Toyokazu, 2001. "An Empirical Study Of Common Property Resource: The Case Of Skipjack Fishery In The Western-Central Pacific Ocean," 2001 Annual meeting, August 5-8, Chicago, IL 20675, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ags:mareec:28268

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.