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Fishery Management Games: How To Admit New Members And Reduce Harvesting Levels

Author

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  • KIM HANG PHAM DO

    (Department of Applied and International Economics, Massey University, Private Bag 11 222, Palmerston North, New Zealand)

  • HENK FOLMER

    (Department of Spatial Sciences, Groningen University and Economics of Consumers and Households, Wageningen University, Hollandseweg 1, 6706 KN Wageningen, The Netherlands)

  • HENK NORDE

    (Department of Econometrics and Operations Research, and Center, Tilburg University, P. O. Box 90513, 5000 LE Tilburg, The Netherlands)

Abstract

This paper applies game theory to address the problem of allocating profits among fishing nations, once the countries concerned have expressed an interest in achieving an agreement through a Regional Fishery Management Organization (RFMO). Proposing the population monotonic allocation scheme as management rule for division of profits, we argue that existing RFMOs can be expanded by means of the Shapley value. We also show that adjustment from the Nash equilibrium to sustainable or more efficient can be achieved by means of the proportional rule without harming any of the countries involved.

Suggested Citation

  • Kim Hang Pham Do & Henk Folmer & Henk Norde, 2008. "Fishery Management Games: How To Admit New Members And Reduce Harvesting Levels," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 319-333.
    • Handle: RePEc:wsi:igtrxx:v:10:y:2008:i:03:n:s0219198908001960
    DOI: 10.1142/S0219198908001960
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    References listed on IDEAS

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    Cited by:

    1. Stelios Rozakis & Athanasios Kampas, 2022. "An interactive multi-criteria approach to admit new members in international environmental agreements," Operational Research, Springer, vol. 22(4), pages 3461-3487, September.

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    More about this item

    Keywords

    Transboundary fishery management; proportional rule; population monotonic allocation scheme; Shapley value; Subject Classification: 91A40; Subject Classification: 91A80; Subject Classification: 91B74; Subject Classification: 91B76;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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