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Shared Renewable Resource and International Trade: Technical Measures for Resource Management

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  • Yasuhiro Takarada

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  • Weijia Dong
  • Takeshi Ogawa
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    Abstract

    We examine trade and strategic interaction between countries that enforce technical measures for resource management which restricts capacity of exploitation to protect an internationally shared renewable resource. The technical measures are common management tools in fisheries (e.g., restrictions on gears, vessels, areas and time). We show that under bilateral resource management, the resource exporting country gains from trade, whereas trade causes steady state utility to fall in the resource importing country because the resource exporting country implements non-cooperative management when the demand for the harvest is not so high. Under sufficiently high demand for the harvest, maximum sustainable yield (MSY) can be attained after trade by what we call cooperative management and both countries are better off. Under low demand for the harvest, trade benefits the resource importing country but may harm the resource exporting country although it implements strict resource management which leads to MSY.

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    Bibliographic Info

    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p449.

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    Date of creation: Sep 2011
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    Handle: RePEc:wiw:wiwrsa:ersa11p449

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    1. Brian R. Copeland & M. Scott Taylor, 2004. "Trade, Tragedy, and the Commons," NBER Working Papers 10836, National Bureau of Economic Research, Inc.
    2. James Brander & M. Scott Taylor, 1997. "International Trade Between Consumer and Conservationist Countries," NBER Working Papers 6006, National Bureau of Economic Research, Inc.
    3. Naoto Jinji, 2007. "International trade and renewable resources under asymmetries of resource abundance and resource management," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 37(4), pages 621-642, August.
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    5. Michael Francis, 2005. "Trade and the enforcement of environmental property rights," The Journal of International Trade & Economic Development, Taylor & Francis Journals, Taylor & Francis Journals, vol. 14(3), pages 281-298.
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    8. Hotte, Louis & Long, Ngo Van & Tian, Huilan, 2000. "International trade with endogenous enforcement of property rights," Journal of Development Economics, Elsevier, Elsevier, vol. 62(1), pages 25-54, June.
    9. Claire W. Armstrong & Ussif Rashid Sumaila, 2001. "Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod," Land Economics, University of Wisconsin Press, University of Wisconsin Press, vol. 77(3), pages 350-359.
    10. Erwin Bulte & Richard Damania, 2005. "A note on trade liberalization and common pool resources," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 38(3), pages 883-899, August.
    11. McWhinnie, Stephanie F., 2009. "The tragedy of the commons in international fisheries: An empirical examination," Journal of Environmental Economics and Management, Elsevier, vol. 57(3), pages 321-333, May.
    12. Diekert, Florian K. & Hjermann, Dag Ø. & Nævdal, Eric & Stenseth, Nils Chr., 2010. "Non-cooperative exploitation of multi-cohort fisheries--The role of gear selectivity in the North-East Arctic cod fishery," Resource and Energy Economics, Elsevier, Elsevier, vol. 32(1), pages 78-92, January.
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