Stability and Success of Regional Fisheries Management Organizations
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.Download Info
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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2008.20.Length:
Date of creation: Mar 2008
Date of revision:
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;Other versions of this item:
- Pedro Pintassilgo & Michael Finus & Marko Lindroos & Gordon Munro, 2010. "Stability and Success of Regional Fisheries Management Organizations," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 46(3), pages 377-402, July.
- Finus, Michael & Lindroos, Marko & Munro, Gordon & Pintassilgo, Pedro, 2008. "Stability and Success of Regional Fisheries Management Organizations," Stirling Economics Discussion Papers 2008-11, University of Stirling, Division of Economics.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-06 (All new papers)
References
References listed on IDEASPlease 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.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- 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.
- 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).
- 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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