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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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Web page: http://www.econ.stir.ac.uk/

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