Managing the Northern atlantic bluefin tuna fisheries: The stability of the UN fish stock agreement solution

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Abstract

The stability of an agreement solution for the management of the Northern Atlantic bluefin tuna is examined. The results show that the agreement studied is preferred over both the open-access and the feedback Nash solution, but may be unstable. In the case of the feedback Nash, the instability can be eliminated if there are side payments.

Original languageEnglish
Pages (from-to)341-360
Number of pages20
JournalMarine Resource Economics
Volume15
Issue number4
DOIs
Publication statusPublished - 2000

Keywords

  • Agreement solution
  • Feedback equilibrium
  • Markov strategies
  • Stability

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