Stability and Success of Regional Fisheries Management Organizations

Pedro Pintassilgo, Michael Finus, Marko Lindroos, Gordon Munro
2008 Social Science Research Network  
According to international law, straddling fish stocks should preferably be managed cooperatively through regional fisheries management organizations (RFMOs). A major problem faced by these organizations is the unregulated fishing undertaken in the high seas by non-members. This paper analyzes the problem of unregulated fishing as a game in partition function form based on the classical Gordon-Schaefer bioeconomic model. It analyzes the prospects of mitigating the overfishing problem through
more » ... problem through RFMOs in which all or some fishing states participate. The success of RFMOs is related to the economic and biological parameters of the bioeconomic model. Particular emphasis is placed on the level and asymmetry of harvesting costs. JEL References: C72; Q22.
doi:10.2139/ssrn.1115731 fatcat:4hfsr67gezejfgtstfwpmb3k7m