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Stability and Success of Regional Fisheries Management Organizations

  • Finus, Michael
  • Lindroos, Marko
  • Munro, Gordon
  • Pintassilgo, Pedro

According to international law, straddling fish stocks should be managed cooperatively through Regional Fisheries Management Organizations (RFMOs). This paper analyzes the stability and success of these organizations through a game in partition function form based on the classical Gordon-Schaefer bioeconomic model. It is shown that the larger the number of fishing states that compete for the fish stock the higher are the relative gains from full cooperation, but the lower is the likelihood of large RFMOs being stable. Moreover, the success of coalition formation is positively correlated with the degree of production cost asymmetry among fishing states and negatively with the overall level of efficiency.

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File URL: http://hdl.handle.net/1893/510
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Paper provided by University of Stirling, Division of Economics in its series Stirling Economics Discussion Papers with number 2008-11.

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Date of creation: Jun 2008
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Handle: RePEc:stl:stledp:2008-11
Contact details of provider: Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA
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Fax: +44 (0)1786 467469
Web page: http://www.econ.stir.ac.uk/

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  1. Fuentes-Albero, Cristina & Rubio, Santiago J., 2010. "Can international environmental cooperation be bought?," European Journal of Operational Research, Elsevier, vol. 202(1), pages 255-264, April.
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  7. Nori Tarui & Charles Mason & Stephen Polasky & Greg Ellis, 2007. "Cooperation in the Commons with Unobservable Actions," Working Papers 200711, University of Hawaii at Manoa, Department of Economics.
  8. Hans-Peter Weikard, 2005. "Cartel Stability under an Optimal Sharing Rule," Working Papers 2005.77, Fondazione Eni Enrico Mattei.
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  11. 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.
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  13. Hannesson, Rognvaldur, 1997. "Fishing as a Supergame," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 309-322, March.
  14. 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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  16. Lone Grønbæk Kronbak & Marko Lindroos, 2003. "An Enforcement-Coalition Model: Fishermen and Authorities forming Coalitions," Working Papers 50/03, University of Southern Denmark, Department of Environmental and Business Economics.
  17. Rob Dellink & Michael Finus & Niels Olieman, 2008. "The stability likelihood of an international climate agreement," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(4), pages 357-377, April.
  18. Ruseski, Gorazd, 1998. "International Fish Wars: The Strategic Roles for Fleet Licensing and Effort Subsidies," Journal of Environmental Economics and Management, Elsevier, vol. 36(1), pages 70-88, July.
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