IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v84y2008i2p327-339.html
   My bibliography  Save this article

Restoring a Fish Stock: A Dynamic Bankruptcy Problem

Author

Listed:
  • Elena Inarra
  • Anders Skonhoft

Abstract

Total Allowable Catch (TAC)-regulating schemes have been introduced in most fisheries. TAC distribution following the Proportional Rule, based on historical catches, implies that harvesters or vessel groups that have captured more in the past and contributed to overfishing are getting larger quotas than groups that have contributed less to overfishing. In contrast to this rule, a more egalitarian rule, the Constrained Equal Award Rule, is proposed for distributing the TAC. Contingent upon the fishing techniques used by the harvesters, it is demonstrated how the fish-stock recovery period, harvest, and profitability may vary according to these two rules.

Suggested Citation

  • Elena Inarra & Anders Skonhoft, 2008. "Restoring a Fish Stock: A Dynamic Bankruptcy Problem," Land Economics, University of Wisconsin Press, vol. 84(2), pages 327-339.
    • Handle: RePEc:uwp:landec:v:84:y:2008:i:2:p:327-339
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/84/2/327
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
    2. Marta Escapa & RaÚl Prellezo, 2003. "Fishing Technology and Optimal Distribution of Harvest Rates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 377-394, July.
    3. Herrero, Carmen & Villar, Antonio, 2001. "The three musketeers: four classical solutions to bankruptcy problems," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 307-328, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eun Jeong Heo & Jinhyuk Lee, 2023. "Allocating $$\hbox {CO}_2$$ CO 2 emissions: a dynamic claims problem," Review of Economic Design, Springer;Society for Economic Design, vol. 27(1), pages 163-186, February.
    2. Duro, Juan Antonio & Giménez-Gómez, José-Manuel & Vilella, Cori, 2020. "The allocation of CO2 emissions as a claims problem," Energy Economics, Elsevier, vol. 86(C).
    3. Helgesen, Irmelin Slettemoen & Skonhoft, Anders & Eide, Arne, 2018. "Maximum Yield Fishing and Optimal Fleet Composition. A Stage Structured Model Analysis With an Example From the Norwegian North-East Arctic Cod Fishery," Ecological Economics, Elsevier, vol. 153(C), pages 204-217.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sterner, Thomas, 2007. "Unobserved diversity, depletion and irreversibility The importance of subpopulations for management of cod stocks," Ecological Economics, Elsevier, vol. 61(2-3), pages 566-574, March.
    2. Jingyi Xue, 2018. "Fair division with uncertain needs," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 51(1), pages 105-136, June.
    3. Sanchez-Fung, Jose R. & Faria, Joao Ricardo, 2009. "The economy and the environment in the Dominican Republic and Haiti: what explains the differences?," Economics Discussion Papers 2009-3, School of Economics, Kingston University London.
    4. Hyun Park & Apostolis Philippopoulos, 2016. "Environmental Ramsey Policy and Sustainable Balanced Growth," Review of Development Economics, Wiley Blackwell, vol. 20(2), pages 488-501, May.
    5. Marta Biancardi & Lucia Maddalena, 2018. "Competition and cooperation in the exploitation of the groundwater resource," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 41(2), pages 219-237, November.
    6. Teresa Estañ & Natividad Llorca & Ricardo Martínez & Joaquín Sánchez-Soriano, 2020. "On the difficulty of budget allocation in claims problems with indivisible items of different prices," ThE Papers 20/09, Department of Economic Theory and Economic History of the University of Granada..
    7. Jaume García-Segarra & Miguel Ginés-Vilar, 2023. "Additive adjudication of conflicting claims," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(1), pages 93-116, March.
    8. Teresa Estañ & Natividad Llorca & Ricardo Martínez & Joaquín Sánchez-Soriano, 2021. "On the Difficulty of Budget Allocation in Claims Problems with Indivisible Items and Prices," Group Decision and Negotiation, Springer, vol. 30(5), pages 1133-1159, October.
    9. Wei-Bin Zhang, 2015. "Oscillations in a Growth Model with Endogenous Wealth, Resource, Housing, and Elastic Labour Supply," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(9), pages 458-472, September.
    10. José Alcalde & María Marco & José Silva, 2008. "The minimal overlap rule revisited," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(1), pages 109-128, June.
    11. Wei-Bin Zhang, 2017. "Growth with Endogenous Capital, Knowledge, and Renewable Resources," Romanian Statistical Review, Romanian Statistical Review, vol. 65(1), pages 19-37, March.
    12. Wei-Bin ZHANG, 2014. "Human Capital, Wealth, and Renewable Resources," Expert Journal of Economics, Sprint Investify, vol. 2(1), pages 1-20.
    13. González-Val, Rafael & Pueyo, Fernando, 2019. "Natural resources, economic growth and geography," Economic Modelling, Elsevier, vol. 83(C), pages 150-159.
    14. Andrea Gallice, 2022. "Bankruptcy Problems with Self-Serving Biased Reference Points," Carlo Alberto Notebooks 683 JEL Classification: D, Collegio Carlo Alberto.
    15. Martijn Ketelaars & Peter Borm & Marieke Quant, 2020. "Decentralization and mutual liability rules," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 92(3), pages 577-599, December.
    16. Lorenzo-Freire, S. & Casas-Mendez, B. & Hendrickx, R.L.P., 2005. "The Two-stage Constrained Equal Awards and Losses Rules for Multi-Issue Allocation Situation," Other publications TiSEM a94f2306-7d29-4ad6-8e81-e, Tilburg University, School of Economics and Management.
    17. José-Manuel Giménez-Gómez & Jordi Teixidó-Figueras & Cori Vilella, 2016. "The global carbon budget: a conflicting claims problem," Climatic Change, Springer, vol. 136(3), pages 693-703, June.
    18. Olivier Cailloux & Beatrice Napolitano & M. Remzi Sanver, 2023. "Compromising as an equal loss principle," Review of Economic Design, Springer;Society for Economic Design, vol. 27(3), pages 547-560, September.
    19. Le, Thanh & Le Van, Cuong, 2016. "Transitional dynamics in an R&D-based growth model with natural resources," Mathematical Social Sciences, Elsevier, vol. 82(C), pages 1-17.
    20. Mei, Tianhua & Liu, Jie & Guo, Jianming & Siano, Pierluigi & Jin, Xuanxuan, 2022. "Allocation of emission allowances considering strategic voting," Energy Economics, Elsevier, vol. 114(C).

    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:84:y:2008:i:2:p:327-339. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.