Application of game theory to fisheries over three decades

Bailey, Megan; Sumaila, U. Rashid; Lindroos, Marko

doi:10.1016/j.fishres.2009.11.003

Cited by 121 publications

(78 citation statements)

References 63 publications

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“…Although the literature on straddling sh stocks is extensive, with several contributions in recent years, no study addresses these issues in a multispecies context (Bailey et al 2010;Hannesson 2011;Bjørndal and Munro 2012 We present a model of the Norwegian Sea pelagic complex that incorporates species interspeci c competition and a common carrying capacity while maintaining a low dimensionality. The model is nonlinear, non-convex, and stochastic.…”

Section: Resultsmentioning

confidence: 99%

Up the ante on bioeconomic submodels of marine food webs: A data assimilation-based approach

Ekerhovd¹,

Kvamsdal²

2017

Ecological Economics

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SNF SAMFUNNS-OG NAERINGSLIVSFORSKNING AS-er et selskap i NHH-miljøet med oppgave å initiere, organisere og utføre eksternfinansiert forskning. Norges Handelshøyskole og Stiftelsen SNF er aksjonaerer. Virksomheten drives med basis i egen stab og fagmiljøene ved NHH.SNF er ett av Norges ledende forsk ningsmiljø innen anvendt økonomisk-administrativ forskning, og har gode samarbeidsrelasjoner til andre forskningsmiljøer i Norge og utlandet. SNF utfører forskning og forsknings baserte utredninger for sentrale beslutningstakere i privat og offentlig sektor. Forskningen organiseres i programmer og prosjekter av langsiktig og mer kortsiktig karakter. Alle publikasjoner er offentlig tilgjengelig. SNF CENTRE FOR APPLIED RESEARCH AT NHH-is a company within the NHH group. Its objective is to initiate, organize and conduct externally financed research. The company shareholders are the Norwegian School of Economics (NHH) and the SNF Foundation. Research is carried out by SNF´s own staff as well as faculty members at NHH. SNF is one of Norway´s leading research environment within applied economic administrative research. It has excellent working relations with other research environments in Norway as well as abroad. SNF conducts research and prepares research-based reports for major decision-makers both in the private and the public sector. Research is organized in programmes and projects on a long-term as well as a short-term basis. All our publications are publicly available. While economists have discussed ecosystem-based management and similar concepts, little attention has been devoted to the art of modeling. Models of ecosystems or foodwebs that make economic analysis viable should capture as much as possible of system structure and dynamics while balancing biological and ecological detail against dimensionality and model complexity. Relevant models need a strong, empirical content, but data availability may inhibit modeling e orts. Models are bound to be nonlinear, and model and observational uncertainty should be observed. We suggest the data assimilation method ensemble Kalman ltering to improve modeling of ecosystems or foodwebs. To illustrate the method, we model the dynamics of the main, pelagic species in the Norwegian Sea. In order to reduce the parameter dimensionality, the species are modeled to rely on a common carrying capacity.We also take further methodological steps to deal with a still high number of parameters.Our best model captures much of the observed dynamics in the sh stocks, but the estimated model error is moderate.

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Section: Resultsmentioning

confidence: 99%

Up the ante on bioeconomic submodels of marine food webs: A data assimilation-based approach

Ekerhovd¹,

Kvamsdal²

2017

Ecological Economics

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“…Academic scholarship on international fisheries (and environmental) agreements suggest that (full) cooperation is ideal (Munro 2004, Bailey et al 2010, Hannesson 2011. Much of this literature, however, focuses on state-to-state cooperation and not on the myriad other 'private' or market actors that also cooperate to reach sustainability outcomes.…”

Section: Tuna Institutions Facing Dynamic Interestsmentioning

confidence: 99%

“…Hilborn et al 2005, Young 2011) and game theory (e.g. Munro 2008, Bailey et al 2010, Hannesson 2011 argue that cooperation is ideal and can only be achieved when members have an incentive to comply and stay in the agreement. Thus the success of any regime depends on these incentives and the willingness of members to stay and comply.…”

Section: Compliance and Regime Effectivenessmentioning

confidence: 99%

“…Its application to fisheries agreements began in the late 1970s around the time when the 200 mile zone was recognised, establishing de facto property rights of coastal states over the fish in extended zones (Bailey et al 2010, Hannesson 2011. Game theory has been applied extensively to the issue of how such shared fish stocks will be exploited (Lindroos 2004, Kronbak 2007.…”

Section: Game Theory -Coalition Theory and Principal Agent Theorymentioning

confidence: 99%

“…Game theory has been applied extensively to the issue of how such shared fish stocks will be exploited (Lindroos 2004, Kronbak 2007. Questions focus on how cooperation can be achieved given that countries differ, the outcomes of competition versus cooperation and what could be done to secure a cooperative outcome (Bailey et al 2010, Hannesson 2011. For instance, coalition theory, one branch of game theory, analyses international environmental agreements on trans-boundary problems caused by externalities, such as migratory tuna stocks (Bailey et al 2010, Hannesson 2011.…”

Section: Game Theory -Coalition Theory and Principal Agent Theorymentioning

confidence: 99%

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