Keep it in house or sell it abroad? A framework to evaluate fairness

Evangelos Toumasatos, Leif Sandal () and Stein Ivar Steinshamn

European Journal of Operational Research, 2022, vol. 297, issue 2, 709-728

Abstract: This paper explores a problem faced by many coastal states worldwide: Should the rights to fish in their exclusive economic zones be attributed to national firms or sold to foreign countries/firms? The European Union for instance, with the so-called Sustainable Fisheries Partnership Agreements gives financial and technical support to developing countries in exchange for fishing rights in their jurisdiction. In order to understand and quantify the basis upon which those agreements are drawn up, we propose a framework based on a multistage game that can be used as a tool to evaluate the fairness of natural resource agreements in general, including fishery ones. By capturing how much it is worth for coastal states to give access to their fishery resources to foreign fleets, this framework can help authorities to decide on a fair sharing of resource rents during negotiations.

Keywords: OR in natural resources; International trade agreements; Multistage games; Evaluating fairness; Resource management (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0377221721005105
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:297:y:2022:i:2:p:709-728

DOI: 10.1016/j.ejor.2021.06.004

Access Statistics for this article

European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

More articles in European Journal of Operational Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().