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Information Sharing and Cooperative Search in Fisheries

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  • Evans, Keith S.
  • Weninger, Quinn

Abstract

We present a dynamic game of search and learning about the productivity of competing fishing locations. Perfect Bayesian Nash equilibrium search patterns for non-cooperating fishermen and members of an information sharing cooperative are compared with first-best outcomes. Independent fishermen do not internalize the full value of information, and do not replicate first-best search. A fishing cooperative faces a free-riding problem, as each coop member prefers that other members undertake costly search for information. Pooling contracts among coop members may mitigate, but are not likely to eliminate free-riding. Our results explain the paucity of information sharing in fisheries and suggest regulators use caution in advocating cooperatives as a solution to common pool inefficiencies in fisheries.

Suggested Citation

  • Evans, Keith S. & Weninger, Quinn, 2014. "Information Sharing and Cooperative Search in Fisheries," ISU General Staff Papers 201406010700001253, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genstf:201406010700001253
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    References listed on IDEAS

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    Cited by:

    1. Nicolas Sanz & Bassirou Diop, 2015. "A search-matching model of fisheries," Working Papers hal-01228851, HAL.
    2. Barnes, Michele L. & Arita, Shawn & Kalberg, Kolter & Leung, PingSun, 2017. "When does it pay to cooperate? Strategic information exchange in the harvest of common-pool fishery resources," Ecological Economics, Elsevier, vol. 131(C), pages 1-11.
    3. Ronald G. Felthoven & Jean Lee & Kurt E. Schnier, 2014. "Cooperative Formation and Peer Effects in Fisheries," Marine Resource Economics, University of Chicago Press, vol. 29(2), pages 133-156.

    More about this item

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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