Game theory and the development of resource management policy: the case of international fisheries

This paper is not concerned with advances in game theory. Rather, the paper is concerned with the relevance, if any, of game theory to a major resource management issue, namely the management of internationally shared fishery resources. It is argued that the economics of the management of such resou...

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Veröffentlicht in:Environment and development economics 2009-02, Vol.14 (1), p.7-27
1. Verfasser: MUNRO, GORDON R.
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description This paper is not concerned with advances in game theory. Rather, the paper is concerned with the relevance, if any, of game theory to a major resource management issue, namely the management of internationally shared fishery resources. It is argued that the economics of the management of such resources cannot, in fact, be understood, other than through the lens of game theory. The paper discusses several elementary game theory concepts that are of utmost policy relevance, but which are, as of yet, poorly understood by most policy makers. The paper does, in addition, discuss a key policy problem in the management of shared fishery resources that demands a game-theoretic analysis. The required analysis, however, has yet to be developed.
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source PAIS Index; JSTOR Archive Collection A-Z Listing; Cambridge University Press Journals Complete
subjects Biomass
Commercial fishing
Common fisheries policy
Economists
Equilibrium
Fish
Fisheries
Fisheries management
Fishery economics
Fishery resources
Fishing
Game theory
International
International cooperation
Marine resources
Ocean fisheries
Property rights
Resource development
Resource management
Straddling stocks
Studies
Treaties
title Game theory and the development of resource management policy: the case of international fisheries
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