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International Fisheries Agreements with a Shifting Stock

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Abstract
  • When a resource shifts from one player to another, e.g. due to climate change, the conservation incentive of the player losing the resource decreases while the conservation incentive increases for the player at the receiving end. We set up an analytical model to study how the structure of the game changes when the shift occurs either fast or slow, or gradual or abrupt. We also investigate whether there is a self-enforcing agreement that aligns incentives. We find that the longer the expected duration of the shift, the less intensive the exploitation of the resource and the larger the scope for cooperation. In some cases there is no stable agreement, even when there are only two players.
  • Keywords: Fisheries Modelling: Micro Foundations and Applications, Modelling and Economic Theory, Fisheries Economics
  • Keywords: Fisheries Modelling: Micro Foundations and Applications, Modelling and Economic Theory, Fisheries Economics
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  • Nieminen E. and Diekert, F. 2014. International Fisheries Agreements with a Shifting Stock. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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