IDEAS home Printed from https://ideas.repec.org/a/eee/marpol/v44y2014icp342-350.html
   My bibliography  Save this article

Does threat of mutually assured destruction produce quasi-cooperation in the mackerel fishery?

Author

Listed:
  • Hannesson, Rögnvaldur

Abstract

This paper uses a quarterly, game-theoretic model of the Northeast Atlantic mackerel to study the fishing strategies of five players: the EU, Norway, the Faeroe Islands, Iceland, and the international fishery on the high seas. Data on the spatial distribution of fish catches (1977–2011) are used to model changes in the distribution of the mackerel stock. The Nash equilibrium solutions predict a severe decimation of the stock through overfishing, either by parties (Iceland, the Faeroe Islands) that refuse to cooperate or by a general absence of cooperation. There is a wide discrepancy between this prediction and reality, as the stock seems, at most, only moderately overexploited, despite non-cooperation by Iceland and the Faeroe Islands. It is conjectured that these parties, and others, may engage in a degree of quasi-cooperation that falls somewhat short of full cooperation but avoids the extreme destruction of the Nash equilibrium. This tacit cooperation can be seen as being maintained by a mutually assured destruction of the fisheries of all parties in case they go to the logical extremes of non-cooperation.

Suggested Citation

  • Hannesson, Rögnvaldur, 2014. "Does threat of mutually assured destruction produce quasi-cooperation in the mackerel fishery?," Marine Policy, Elsevier, vol. 44(C), pages 342-350.
    • Handle: RePEc:eee:marpol:v:44:y:2014:i:c:p:342-350
    DOI: 10.1016/j.marpol.2013.09.026
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308597X13002236
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.marpol.2013.09.026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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.
    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


    Cited by:

    1. Walker, Adam N. & Weikard, Hans-Peter & Richter, Andries, 2015. "The Rise and Fall of the Great Fish Pact under Endogenous Risk of Stock Collapse," Climate Change and Sustainable Development 206466, Fondazione Eni Enrico Mattei (FEEM).
    2. Straub, Jeremy, 2019. "Mutual assured destruction in information, influence and cyber warfare: Comparing, contrasting and combining relevant scenarios," Technology in Society, Elsevier, vol. 59(C).
    3. Costello, Christopher & Molina, Renato, 2021. "Transboundary marine protected areas," Resource and Energy Economics, Elsevier, vol. 65(C).
    4. Rosch-Grace, Dominic & Straub, Jeremy, 2022. "Analysis of the likelihood of quantum computing proliferation," Technology in Society, Elsevier, vol. 68(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Agnieszka Wiszniewska-Matyszkiel & Rajani Singh, 2020. "When Inaccuracies in Value Functions Do Not Propagate on Optima and Equilibria," Mathematics, MDPI, vol. 8(7), pages 1-25, July.
    2. Rauscher, Michael, 1996. "Sustainable Development and Complex Ecosystems. An Economist's View," Thuenen-Series of Applied Economic Theory 02, University of Rostock, Institute of Economics.
    3. Julien Guyot & Akhil Rao & Sebastien Rouillon, 2022. "The long-run economics of sustainable orbit use," Working Papers hal-03891292, HAL.
    4. Gerhard Sorger, 2005. "A dynamic common property resource problem with amenity value and extraction costs," International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(1), pages 3-19, March.
    5. Partha Dasgupta & Tapan Mitra & Gerhard Sorger, 2019. "Harvesting the Commons," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(3), pages 613-636, March.
    6. Costello, Christopher & Molina, Renato, 2021. "Transboundary marine protected areas," Resource and Energy Economics, Elsevier, vol. 65(C).
    7. Charles Figuières & Mabel Tidball, 2016. "Sustainable Exploitation of a Natural Resource: A Satisfying Use of Chichilnisky’s Criterion," Studies in Economic Theory, in: Graciela Chichilnisky & Armon Rezai (ed.), The Economics of the Global Environment, pages 207-229, Springer.
    8. Can Askan Mavi & Nicolas Quérou, 2020. "Common pool resource management and risk perceptions," DEM Discussion Paper Series 20-25, Department of Economics at the University of Luxembourg.
    9. Rodrigo Harrison & Roger Lagunoff, 2015. "Tipping Points and Business-as-Usual in a Global Carbon Commons," Working Papers gueconwpa~15-15-01, Georgetown University, Department of Economics, revised 12 Jul 2015.
    10. Schultz, Bill, 2020. "Resource management and joint-planning in fragmented societies," Ecological Economics, Elsevier, vol. 171(C).
    11. Christos Koulovatianos & Leonard J. Mirman, 2003. "The Effects of Market Structure on Industry Growth," University of Cyprus Working Papers in Economics 7-2003, University of Cyprus Department of Economics.
    12. Crow White & Christopher Costello, 2014. "Close the High Seas to Fishing?," PLOS Biology, Public Library of Science, vol. 12(3), pages 1-5, March.
    13. Aggarwal, Rimjhim & Narayan, Tulika A., 2000. "Does Inequality Lead To Greater Efficiency In The Use Of Local Commons? The Role Of Strategic Investments In Capacity," Working Papers 28572, University of Maryland, Department of Agricultural and Resource Economics.
    14. Adam N. Walker & Hans-Peter Weikard & Andries Richter, 2015. "The Rise and Fall of the Great Fish Pact under Endogenous Risk of Stock Collapse," Working Papers 2015.60, Fondazione Eni Enrico Mattei.
    15. Antoniadou, Elena & Koulovatianos, Christos & Mirman, Leonard J., 2013. "Strategic exploitation of a common-property resource under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 28-39.
    16. N. Quérou & M. Tidball, 2014. "Consistent conjectures in a dynamic model of non-renewable resource management," Annals of Operations Research, Springer, vol. 220(1), pages 159-180, September.
    17. Petros G. Sekeris, 2014. "The tragedy of the commons in a violent world," RAND Journal of Economics, RAND Corporation, vol. 45(3), pages 521-532, September.
    18. Tarui, Nori & Mason, Charles F. & Polasky, Stephen & Ellis, Greg, 2008. "Cooperation in the commons with unobservable actions," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 37-51, January.
    19. Anastasios Xepapadeas, 1995. "Managing the international commons: Resource use and pollution control," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(4), pages 375-391, June.
    20. Yohei Tenryu, 2017. "The role of the private sector under insecure property rights," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(3), pages 285-311, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:marpol:v:44:y:2014:i:c:p:342-350. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/marpol .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.