Stability and Success of Regional Fisheries Management Organizations

43 Pages Posted: 16 Apr 2008 Last revised: 27 Oct 2008

See all articles by Pedro Pintassilgo

Pedro Pintassilgo

University of Algarve

Michael Finus

University of Stirling

Marko Lindroos

University of Helsinki

Gordon Munro

University of British Columbia

Date Written: March 1, 2008

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.

Keywords: Straddling Fish Stock, Regional Fisheries Management Organizations, Unregulated Fishing, Bioeconomic Model, Coalition Formation Model, Free-Riding

JEL Classification: C72, Q22

Suggested Citation

Pintassilgo, Pedro and Finus, Michael and Lindroos, Marko and Munro, Gordon, Stability and Success of Regional Fisheries Management Organizations (March 1, 2008). FEEM Working Paper No. 20.2008. Available at SSRN: https://ssrn.com/abstract=1115731 or http://dx.doi.org/10.2139/ssrn.1115731

Pedro Pintassilgo

University of Algarve ( email )

8000-117 Faro
Portugal

Michael Finus (Contact Author)

University of Stirling ( email )

Stirling, Scotland FK9 4LA
United Kingdom

Marko Lindroos

University of Helsinki ( email )

P.O. Box 54
FIN-00014 Helsinki
Finland

Gordon Munro

University of British Columbia ( email )

2329 West Mall
Vancouver, British Columbia BC V6T 1Z4
Canada

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