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 |
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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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The required analysis, however, has yet to be developed.</description><subject>Biomass</subject><subject>Commercial fishing</subject><subject>Common fisheries policy</subject><subject>Economists</subject><subject>Equilibrium</subject><subject>Fish</subject><subject>Fisheries</subject><subject>Fisheries management</subject><subject>Fishery economics</subject><subject>Fishery resources</subject><subject>Fishing</subject><subject>Game theory</subject><subject>International</subject><subject>International cooperation</subject><subject>Marine resources</subject><subject>Ocean fisheries</subject><subject>Property rights</subject><subject>Resource development</subject><subject>Resource management</subject><subject>Straddling 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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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