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Stability and Success of Regional Fisheries Management Organizations

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Author Info

  • Michael Finus

    (University of Stirling)

  • Pedro Pintassilgo

    (University of Algarve)

  • Marko Lindroos

    (University of Helsinki)

  • Gordon Munro

    (Centre for the Economics and Management of Aquatic Resources, University of Portsmouth)

Abstract

According to international law, straddling fish stocks should preferably be managed cooperatively through regional fisheries management organizations (RFMOs). This paper analyzes the stability and success of these organizations through a game in partition function form based on the classical Gordon-Schaefer bioeconomic model. A comprehensive analysis of the economic and biological fundamentals that influence the success of coalition formation is provided. The results show that the larger the number of fishing states that compete for the fish stock the higher would be the relative gains from full cooperation, but the lower is the likelihood of large RFMOs being stable. It is also shown that the success of coalition formation is positively correlated with the degree of production cost asymmetry among fishing states and negatively with the overall level of efficiency.

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Bibliographic Info

Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2008.20.

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Date of creation: Mar 2008
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Handle: RePEc:fem:femwpa:2008.20

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Keywords: Straddling Fish Stock; Regional Fisheries Management Organizations; Unregulated Fishing; Bioeconomic Model; Coalition Formation Model; Free-Riding;

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References

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  13. Rob Dellink & Michael Finus & Niels Olieman, 2008. "The stability likelihood of an international climate agreement," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(4), pages 357-377, April.
  14. Lone Kronbak & Marko Lindroos, 2006. "An Enforcement-Coalition Model: Fishermen and Authorities Forming Coalitions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 35(3), pages 169-194, November.
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Citations

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Cited by:
  1. Michael Finus & Raoul Schneider & Pedro Pintassilgo, 2011. "The Incentive Structure of Impure Public Good Provision – The Case of International Fisheries," Discussion Papers 1103, Exeter University, Department of Economics.
  2. 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).
  3. Michèle Breton & Michel Keoula, 2012. "Farsightedness in a Coalitional Great Fish War," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 51(2), pages 297-315, February.

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