Panic-based overfishing in transboundary fisheries
This paper analyses sustainability of bilateral harvesting agreements in transboundary fisheries. Harvesting countries obtain public and private assessments regarding their stock of fish, and the stock experiences ecological changes. In addition to biological uncertainty, countries may face strategi...
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| Format: | Journal article |
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Springer Verlag
2018
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| _version_ | 1797053348055089152 |
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| author | Vosooghi, S |
| author_facet | Vosooghi, S |
| author_sort | Vosooghi, S |
| collection | OXFORD |
| description | This paper analyses sustainability of bilateral harvesting agreements in transboundary fisheries. Harvesting countries obtain public and private assessments regarding their stock of fish, and the stock experiences ecological changes. In addition to biological uncertainty, countries may face strategic uncertainty. A country that receives negative assessments about the current level of fish stock, may become ‘pessimistic’ about the assessment of the other coastal state, and this can ignite ‘panic-based’ overfishing. The paper examines the likelihood of overfishing and suggests a unique prediction about the possibility of abiding by bilateral fishing agreements. Conditions under which the outcome of the asymmetric-information model reduces to the symmetric-information game are discussed, and optimal policy instruments for intergovernmental management of the stock are offered. |
| first_indexed | 2024-03-06T18:42:34Z |
| format | Journal article |
| id | oxford-uuid:0d669dd1-fd79-40bf-b049-949117442753 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T18:42:34Z |
| publishDate | 2018 |
| publisher | Springer Verlag |
| record_format | dspace |
| spelling | oxford-uuid:0d669dd1-fd79-40bf-b049-9491174427532022-03-26T09:40:19ZPanic-based overfishing in transboundary fisheriesJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:0d669dd1-fd79-40bf-b049-949117442753Symplectic Elements at OxfordSpringer Verlag2018Vosooghi, SThis paper analyses sustainability of bilateral harvesting agreements in transboundary fisheries. Harvesting countries obtain public and private assessments regarding their stock of fish, and the stock experiences ecological changes. In addition to biological uncertainty, countries may face strategic uncertainty. A country that receives negative assessments about the current level of fish stock, may become ‘pessimistic’ about the assessment of the other coastal state, and this can ignite ‘panic-based’ overfishing. The paper examines the likelihood of overfishing and suggests a unique prediction about the possibility of abiding by bilateral fishing agreements. Conditions under which the outcome of the asymmetric-information model reduces to the symmetric-information game are discussed, and optimal policy instruments for intergovernmental management of the stock are offered. |
| spellingShingle | Vosooghi, S Panic-based overfishing in transboundary fisheries |
| title | Panic-based overfishing in transboundary fisheries |
| title_full | Panic-based overfishing in transboundary fisheries |
| title_fullStr | Panic-based overfishing in transboundary fisheries |
| title_full_unstemmed | Panic-based overfishing in transboundary fisheries |
| title_short | Panic-based overfishing in transboundary fisheries |
| title_sort | panic based overfishing in transboundary fisheries |
| work_keys_str_mv | AT vosooghis panicbasedoverfishingintransboundaryfisheries |