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Coasean Approaches to Ending Overfishing: Bigeye Tuna Conservation in the Western and Central Pacific Ocean

Author

Listed:
  • Daniel Ovando
  • Gary D. Libecap
  • Katherine D. Millage
  • Lennon Thomas

Abstract

Bigeye tuna in the Western and Central Pacific Ocean were perceived as overfished for nearly 20 years, in large part due to incidental catch in the much larger skipjack tuna fishery. Efforts to halt the overfishing of bigeye stalled due to disagreements over the distribution of costs and benefits from reform. An alternative Coasean-style approach to setting both harvesting levels and the allocation of costs and benefits might offer a path forward. We calculate the costs and benefits of achieving bigeye conservation goals and describe an exchange through which benefits could be realized via removal of Fish Aggregating Devices (FADs). Through trade, aggregate benefits and costs are more apt to be in balance relative to mandated protection controls. The realities of bargaining costs in a multilateral setting are not underappreciated, but in light of existing stalemates in this and other fisheries, consideration of Coasean-style approaches is warranted.

Suggested Citation

  • Daniel Ovando & Gary D. Libecap & Katherine D. Millage & Lennon Thomas, 2020. "Coasean Approaches to Ending Overfishing: Bigeye Tuna Conservation in the Western and Central Pacific Ocean," NBER Working Papers 27801, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:27801
    Note: DEV EEE LE PE
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    References listed on IDEAS

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    1. Patrice Guillotreau & Frédéric Salladarré & Patrice Dewals & Laurent Dagorn, 2011. "Fishing tuna around Fish Aggregating Devices (FADs) vs free swimming schools: Skipper decision and other determining factors," Post-Print halshs-00632070, HAL.
    2. Kristensen, Kasper & Nielsen, Anders & Berg, Casper W. & Skaug, Hans & Bell, Bradley M., 2016. "TMB: Automatic Differentiation and Laplace Approximation," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 70(i05).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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