Open AccessTHE OPTIMAL MANAGEMENT OF TRANSBOUNDARY FISHERIES: GAME THEORETIC CONSIDERATIONS
Author(s) -
Munro Gordon R.
Publication year - 1990
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.1990.tb00218.x
Subject(s) - fisheries management , game theory , economic analysis , fishery , business , resource (disambiguation) , resource management (computing) , environmental resource management , economics , natural resource economics , computer science , microeconomics , fishing , biology , computer network , agricultural economics
One of the most ubiquitous of the fishery management problems to have arisen as a result of E.F.J. is that of managing transboundary resources. Economic analysis of this problem rests upon models blending the standard dynamic economic analysis of fisheries with game theory. The analysis reveals that noncooperation is likely to have severe economic consequences and that cooperative arrangements must deal with possible conflicting goals of management, as well as the division of economic returns from the fishery. While the existing economic analysis of transboundary fishery management is far from complete, it can be shown that the analysis is capable of providing important insights into existing real world cases of transboundary resource management.