Abstract:Though the management of internationally shared fisheries with side payments is often considered politically difficult, quota transferring is now a policy alternative in specific fisheries treaties. Nevertheless, a theoretical framework capturing the details of the side-payments solution is, to a large extend, missing. My thesis tries to fill this gap in the literature, by proposing a static and a dynamic model in the context of a stochastic sequentially harvested stock. The conditions characterizing the solut… Show more
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