International Management of North-Sea Herring

Trond Bjørndal and Marko Lindroos ()

Environmental & Resource Economics, 2004, vol. 29, issue 1, 83-96

Abstract: North-Sea herring is a transboundary resource,shared by the EU and Norway. The purpose ofthis paper is to investigate how the harvestsor total allowable catch quotas (TACs) for thisspecies should be divided between these twojurisdictions so that both parties aresatisfied. We apply a discrete-timegame-theoretic model in which we show that theEU should be allocated more than half of theTAC even if the EU has higher harvesting costs.This result is due to the distribution patternof the herring, with a larger share of herringlocated in the EU zone. However, we find thataccording to the Nash bargaining solution, thecurrent sharing allocates too large a share tothe EU. Copyright Kluwer Academic Publishers 2004

Keywords: fisheries; game theory; international management; North-Sea herring; shared stocks (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (6)

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DOI: 10.1023/B:EARE.0000035442.52698.7d

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