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Contests for catch shares

Author

Listed:
  • Kyung Hwan Baik

    (Sungkyunkwan University)

  • Youngseok Park

    (Korea Institute for International Economic Policy)

Abstract

We study contests in which fishers (or players), in a fishery managed under a catch-share program, compete over catch shares by expending irreversible effort, and the fishery manager, influenced by the players’ effort, allocates their catch shares. We first show that the number of active players and their identities in each period depend only on the players’ marginal costs, and they remain exactly the same across all periods. Then, we show that, in each period, an active player with a lower marginal cost expends greater effort and secures a greater catch share than a player with a higher marginal cost. We also show that a player who expends zero effort due to his relatively high marginal cost ends up with a less and less catch share over time.

Suggested Citation

  • Kyung Hwan Baik & Youngseok Park, 2022. "Contests for catch shares," Review of Economic Design, Springer;Society for Economic Design, vol. 26(1), pages 23-42, March.
    • Handle: RePEc:spr:reecde:v:26:y:2022:i:1:d:10.1007_s10058-021-00252-9
    DOI: 10.1007/s10058-021-00252-9
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    References listed on IDEAS

    as
    1. Roger Faith & Brian Goff & Robert Tollison, 2008. "Bequests, sibling rivalry, and rent seeking," Public Choice, Springer, vol. 136(3), pages 397-409, September.
    2. Konrad, Kai A., 2009. "Strategy and Dynamics in Contests," OUP Catalogue, Oxford University Press, number 9780199549603.
    3. Yildirim, Huseyin, 2007. "Proposal power and majority rule in multilateral bargaining with costly recognition," Journal of Economic Theory, Elsevier, vol. 136(1), pages 167-196, September.
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    5. Lynham, John, 2014. "How have catch shares been allocated?," Marine Policy, Elsevier, vol. 44(C), pages 42-48.
    6. Arye L. Hillman & John G. Riley, 1989. "Politically Contestable Rents And Transfers," Economics and Politics, Wiley Blackwell, vol. 1(1), pages 17-39, March.
    7. Huseyin Yildirim, 2010. "Distribution of surplus in sequential bargaining with endogenous recognition," Public Choice, Springer, vol. 142(1), pages 41-57, January.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Catch share; Rent-seeking behavior; Catch-share program; Contest; Inefficient fisher;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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