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Keep it in house or sell it abroad? A framework to evaluate fairness

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  • Toumasatos, Evangelos
  • Sandal, Leif Kristoffer
  • Steinshamn, Stein Ivar

Abstract

This paper explores a problem faced by many coastal states worldwide: Should the rights to fish in their exclusive economic zones be attributed to national firms or sold to foreign countries/firms? The European Union for instance, with the so-called Sustainable Fisheries Partnership Agreements gives financial and technical support to developing countries in exchange for fishing rights in their jurisdiction. In order to understand and quantify the basis upon which those agreements are drawn up, we propose a framework based on a multistage game that can be used as a tool to evaluate the fairness of natural resource agreements in general, including fishery ones. By capturing how much it is worth for coastal states to give access to their fishery resources to foreign fleets, this framework can help authorities to decide on a fair sharing of resource rents during negotiations.

Suggested Citation

  • Toumasatos, Evangelos & Sandal, Leif Kristoffer & Steinshamn, Stein Ivar, 2022. "Keep it in house or sell it abroad? A framework to evaluate fairness," European Journal of Operational Research, Elsevier, vol. 297(2), pages 709-728.
    • Handle: RePEc:eee:ejores:v:297:y:2022:i:2:p:709-728
    DOI: 10.1016/j.ejor.2021.06.004
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    1. Amin, Gholam R. & Ibn Boamah, Mustapha, 2023. "Modeling business partnerships: A data envelopment analysis approach," European Journal of Operational Research, Elsevier, vol. 305(1), pages 329-337.

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