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The Incentive Structure of Impure Public Good Provision – The Case of International Fisheries

  • Michael Finus

    (Department of Economics, University of Exeter)

  • Raoul Schneider

    (Department of Economics, Ulm University)

  • Pedro Pintassilgo

    (Faculty of Economics, University of Algarve)

We argue that international fisheries are a prime example to study the impact of multiple characteristics on the incentive structure of impure public good provision. The degree of technical excludability is related to the pattern of fish migration, the degree of socially constructed excludability is captured by the design of international law and the degree of rivalry is reflected by the growth rate of the resource. We construct a bioeconomic model, including the high seas and exclusive economic zones in order to study the incentives to form stable fully or partially cooperative agreements. We show that the spatial allocation of property rights is crucial for the success of cooperation as long as technical excludability is sufficiently high. Moreover, we show how economic and ecological factors influence the success of cooperation.

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File URL: http://people.exeter.ac.uk/cc371/RePEc/dpapers/DP1103.pdf
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Paper provided by Exeter University, Department of Economics in its series Discussion Papers with number 1103.

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Date of creation: 2011
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Handle: RePEc:exe:wpaper:1103
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  1. Cornes, Richard & Sandler, Todd, 1994. "The comparative static properties of the impure public good model," Journal of Public Economics, Elsevier, vol. 54(3), pages 403-421, July.
  2. Carraro, Carlo & Siniscalco, Domenico, 1991. "Strategies for the International Protection of the Environment," CEPR Discussion Papers 568, C.E.P.R. Discussion Papers.
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  4. 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.
  5. Pedro Pintassilgo & Marko Lindroos, 2008. "Coalition Formation In Straddling Stock Fisheries: A Partition Function Approach," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 303-317.
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  8. Sandler, Todd, 1998. "Global and Regional Public Goods: A Prognosis for Collective Action," Staff General Research Papers 1225, Iowa State University, Department of Economics.
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  12. Barrett, Scott, 1994. "Self-Enforcing International Environmental Agreements," Oxford Economic Papers, Oxford University Press, vol. 46(0), pages 878-94, Supplemen.
  13. Arce M., Daniel G. & Sandler, Todd, 2003. "Health-promoting alliances," European Journal of Political Economy, Elsevier, vol. 19(2), pages 355-375, June.
  14. Sandler, Todd, 1999. "Alliance Formation, Alliance Expansion, and the Core," Staff General Research Papers 1669, Iowa State University, Department of Economics.
  15. Sanchirico, James N. & Wilen, James E., 1999. "Bioeconomics of Spatial Exploitation in a Patchy Environment," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 129-150, March.
  16. Todd Sandler & Daniel G. Arce M., 2003. "Pure Public Goods versus Commons: Benefit-Cost Duality," Land Economics, University of Wisconsin Press, vol. 79(3), pages 355-368.
  17. Stephanie McWhinnie, 2007. "The Tragedy of the Commons in International Fisheries: An Empirical Examination," School of Economics Working Papers 2007-05, University of Adelaide, School of Economics.
  18. Costello, Christopher & Polasky, Stephen, 2008. "Optimal harvesting of stochastic spatial resources," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 1-18, July.
  19. Claude d'Aspremont & Alexis Jacquemin & Jean Jaskold Gabszewicz & John A. Weymark, 1983. "On the Stability of Collusive Price Leadership," Canadian Journal of Economics, Canadian Economics Association, vol. 16(1), pages 17-25, February.
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  21. Pezzey, John C. V. & Roberts, Callum M. & Urdal, Bjorn T., 2000. "A simple bioeconomic model of a marine reserve," Ecological Economics, Elsevier, vol. 33(1), pages 77-91, April.
  22. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
  23. Nostbakken, Linda, 2006. "Regime switching in a fishery with stochastic stock and price," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 231-241, March.
  24. Sanchirico, James N. & Wilen, James E., 2005. "Optimal spatial management of renewable resources: matching policy scope to ecosystem scale," Journal of Environmental Economics and Management, Elsevier, vol. 50(1), pages 23-46, July.
  25. Janmaat, Johannus A., 2005. "Sharing clams: tragedy of an incomplete commons," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 26-51, January.
  26. Finus, Michael & Tjotta, Sigve, 2003. "The Oslo Protocol on sulfur reduction: the great leap forward?," Journal of Public Economics, Elsevier, vol. 87(9-10), pages 2031-2048, September.
  27. Oh Kwon, 2006. "Partial International Coordination in the Great Fish War," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 33(4), pages 463-483, 04.
  28. Arce M, Daniel G, 2001. "Leadership and the Aggregation of International Collective Action," Oxford Economic Papers, Oxford University Press, vol. 53(1), pages 114-37, January.
  29. Yi, Sang-Seung, 1997. "Stable Coalition Structures with Externalities," Games and Economic Behavior, Elsevier, vol. 20(2), pages 201-237, August.
  30. Barrett, Scott, 2005. "The theory of international environmental agreements," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 28, pages 1457-1516 Elsevier.
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