Fishery Management Games: How to Admit New Members and Reduce Harvesting Levels

International Game Theory Review, Vol. 10, No. 3, pp. 319-333, 2008

Posted: 9 Dec 2009

See all articles by Kim Hang Pham Do

Kim Hang Pham Do

Massey University

Henk Folmer

University of Groningen

Henk Norde

Tilburg University - Center For Economic Research; Tilburg University - Department of Econometrics & Operations Research

Date Written: September 2008

Abstract

This paper applies game theory to address the problem of allocating profits among fishing nations, once the countries concerned have expressed an interest in achieving an agreement through a Regional Fishery Management Organization (RFMO). Proposing the population monotonic allocation scheme as management rule for division of profits, we argue that existing RFMOs can be expanded by means of the Shapley value. We also show that adjustment from the Nash equilibrium to sustainable or more efficient can be achieved by means of the proportional rule without harming any of the countries involved.

Keywords: Transboundary fishery management, proportional rule, population monotonic allocation scheme, Shapley value

JEL Classification: A40, A80, B74, B76

Suggested Citation

Pham Do, Kim Hang and Folmer, Henk and Norde, Henk W., Fishery Management Games: How to Admit New Members and Reduce Harvesting Levels (September 2008). International Game Theory Review, Vol. 10, No. 3, pp. 319-333, 2008. Available at SSRN: https://ssrn.com/abstract=1496153

Kim Hang Pham Do (Contact Author)

Massey University ( email )

College of Business
School of Economics and Finance
Palmerston North, Manawatu PN 342
New Zealand
+64 6 3505799, ext. 84056 (Phone)
+64 6 3505660 (Fax)

HOME PAGE: http://www.massey.ac.nz/massey/expertise/profile.cfm?stref=705830

Henk Folmer

University of Groningen ( email )

P.O. Box 800
Groningen, 9700AV
Netherlands
+31 503633897 (Phone)

Henk W. Norde

Tilburg University - Center For Economic Research ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 3245 (Phone)

Tilburg University - Department of Econometrics & Operations Research ( email )

Tilburg, 5000 LE
Netherlands

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