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Stability and Success of Regional Fisheries Management Organizations

Author

Listed:
  • Pedro Pintassilgo
  • Michael Finus
  • Marko Lindroos
  • Gordon Munro
Abstract
According to international law, straddling fish stocks should preferably 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. A comprehensive analysis of the economic and biological fundamentals that influence the success of coalition formation is provided. The results show that the larger the number of fishing states that compete for the fish stock the higher would be the relative gains from full cooperation, but the lower is the likelihood of large RFMOs being stable. It is also shown that 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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Suggested Citation

  • Pedro Pintassilgo & Michael Finus & Marko Lindroos & Gordon Munro, 2010. "Stability and Success of Regional Fisheries Management Organizations," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(3), pages 377-402, July.
    • Handle: RePEc:kap:enreec:v:46:y:2010:i:3:p:377-402
    DOI: 10.1007/s10640-010-9346-9
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    More about this item

    Keywords

    Bioeconomic model; Coalition formation model; Free-riding; Regional fisheries management organizations; Straddling fish stock; Unregulated fishing; C72; Q22;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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