2015
DOI: 10.1016/j.marpol.2015.06.005
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Bargaining a net gain compensation agreement between a marine renewable energy developer and a marine protected area manager

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Cited by 16 publications
(8 citation statements)
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“…However, in order for the negotiated compensation to be acceptable by both parties, two constraints should be met: (a) the lost utility from ecosystem loss in the MPA must be less than the gained utility from the infrastructure project, (b) the surplus from the agreement leaves both players better off than before the agreement (i.e., a winwin situation). Therefore, not only efficiency, but also fairness and equity can be achieved (Kyriazi et al, 2015). Efficiency is a state of resource allocation in which no individual or player can be better off without making at least one other player worse off.…”
Section: Beyond Efficiency: Game Theoretic Decision Rules Can Help Tomentioning
confidence: 99%
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“…However, in order for the negotiated compensation to be acceptable by both parties, two constraints should be met: (a) the lost utility from ecosystem loss in the MPA must be less than the gained utility from the infrastructure project, (b) the surplus from the agreement leaves both players better off than before the agreement (i.e., a winwin situation). Therefore, not only efficiency, but also fairness and equity can be achieved (Kyriazi et al, 2015). Efficiency is a state of resource allocation in which no individual or player can be better off without making at least one other player worse off.…”
Section: Beyond Efficiency: Game Theoretic Decision Rules Can Help Tomentioning
confidence: 99%
“…Efficiency is a state of resource allocation in which no individual or player can be better off without making at least one other player worse off. "How much better off " a player will be after the agreement depends on the size of that player's disagreement (walk away) point and whether he/she holds private information about it or not (Kyriazi et al, 2015). For instance, a "No Net Loss" compensation may be less than the MPA manager's disagreement point and hence an insufficient incentive for him/her to cooperate and reach an agreement (Lejano and Davos, 1999;Forest and The Katoomba Group, 2010).…”
Section: Beyond Efficiency: Game Theoretic Decision Rules Can Help Tomentioning
confidence: 99%
See 1 more Smart Citation
“…These include for instance multi-use combinations of marine wind and wave energy generation (Perez-Collazo et al, 2015) offshore wind farms (OWF) coexisting with or actively supporting marine conservation (Lacroix and Pioch, 2011;Kyriazi et al, 2015Kyriazi et al, , 2016 or local fisheries branching out into tourism, creating so called "pescatourism" (Piasecki et al, 2016) to name just a small selection of possible combinations. Recently, research has started to focus more on the interactions of marine sectors and their management (Klinger et al, 2018).…”
Section: Introductionmentioning
confidence: 99%
“…Marine experience to date has mostly concerned coastal development, for example relating to windfarms, urban development, aquaculture and ports, rather than in the capture fisheries arena (e.g. Kyriazi, Lejano, Maes, & Degraer, 2015;Vaissière, Levrel, Pioch, & Carlier, 2014). The four steps of the mitigation hierarchy are discussed in fisheries, however, and as in the terrestrial literature, the option of offsetting is particularly controversial (e.g.…”
Section: Introductionmentioning
confidence: 99%