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Stability of International Fisheries Agreements Using Precautionary Bioeconomic Harvesting Strategies

Author

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  • Rahikainen, Mika
  • Lindroos, Marko
  • Kaitala, Veijo

Abstract

International agreements are necessary for exclusion of non-cooperative behavior. We parameterized an age-structured model for the North Sea herring fishery. The reference points of the current harvest control rule operationalize the precautionary approach. Applying the precautionary approach by the grand coalition adds the net present value of the fishery compared to another management approach, a fixed fishing mortality rate strategy. The fishing strategy and costs have a strong impact on the stability of the coalitions. Adopting a precautionary harvest control rule has potential to stabilize multilateral fishing agreements provided that fishing costs are not identical among countries. If they are identical, there will always be incentive for free riding.

Suggested Citation

  • Rahikainen, Mika & Lindroos, Marko & Kaitala, Veijo, 2013. "Stability of International Fisheries Agreements Using Precautionary Bioeconomic Harvesting Strategies," Strategic Behavior and the Environment, now publishers, vol. 3(1–2), pages 97-120, January.
    • Handle: RePEc:now:jnlsbe:102.00000025
    DOI: 10.1561/102.00000025
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    Cited by:

    1. Ellefsen, Hans & Kronbak, Lone Grønbæk & Ravn-Jonsen, Lars, 2014. "On International Fisheries Agreements, Entry Deterrence and Ecological Uncertainty," Discussion Papers on Economics 18/2014, University of Southern Denmark, Department of Economics.

    More about this item

    Keywords

    Risk management; Harvest control rule; Precautionary approach; Game theory; Fisheries agreement; North sea herring;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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