Game Theory and Fisheries

Essays on the Tragedy of Free for All Fishing

By Ussif Rashid Sumaila

© 2013 – Routledge

178 pages | 25 B/W Illus.

Purchasing Options:
Hardback: 9780415638692
pub: 2013-08-21
US Dollars$145.00
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About the Book

Today, there is a growing sense of urgency among fisheries scientists regarding the management of fish stocks, particularly among those who predict the imminent collapse of the fishing industry due to stock depletion. This book takes a game theoretic approach to discussing potential solutions to the problem of fish stock depletion. Acknowledging the classification of fish stocks as destructible renewable resources, these essays are concerned with the question of how much of the stock should be consumed today and how much should be left in place for the future.

The book targets both economists and students of economics who are familiar with the tools of their trade but not necessarily familiar with game theory in the context of fisheries management. Importantly, the goal is not to give a summary evaluation of the current views of the ‘appropriate’ response to immediate policy questions, but rather to describe the ways in which the problems at hand can be productively formulated and approached using game theory and couched on real world fisheries.

Game Theory and Fisheries consists of twelve previously published but updated articles in fisheries management, a number of which address a gap in the fisheries literature by modelling and analysing the exploitation of fishery resources in a two-agent fishery, in both cooperative and non-cooperative environments. The author’s work ultimately illustrates that the analysis of strategic interaction between those with access to shared fishery resources will be incomplete without the use of game theory.

Table of Contents

1. Introduction 2. Game Theoretic Models of Fishing 3. Cooperative and Non-cooperative Management when Capital Investment is Malleable 4. Cooperative and Non-cooperative Management when Capital Investment is Non-Malleable 5. Strategic Dynamic Interaction: The case of Barents Sea fisheries 6. Cannibalism and the Optimal Sharing of the North-East Atlantic Cod Stock 7. Implications of Implementing an ITQ Management System for the Arcto-Norwegian Cod Stock 8. Marine Protected Area Performance in a Game Theoretic Model of the Fishery 9. Distributional and Efficiency Effects of Marine Protected Areas 10. Playing Sequential Games with Western Central Pacific Tuna Stocks 11. Impact of Management Scenarios and Fisheries Gear Selectivity on the Potential Economic Gains from a Fish Stock 12. Managing Bluefin Tuna in the Mediterranean Sea

About the Author

Ussif Rashid Sumaila is Professor and Director of the Fisheries Economics Research Unit at the University of British Columbia’s Fisheries Centre, Canada. He specializes in bioeconomics, marine ecosystem valuation and the analysis of global issues such as fisheries subsidies; illegal, unreported and unregulated fishing; and the economics of high and deep seas fisheries.

About the Series

Routledge Explorations in Environmental Economics

Routledge Explorations in Environmental Economics was established in 2001 and has since provided a key port of call for leading research in the field. As well as the core discipline of environmental economics, the remit of the series extends to natural resources, ecological economics, environmental studies and environmental science, with issues explored including energy, permit trading, valuation, taxation and climate change. The series is edited by Nick Hanley of the University of St Andrews.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS072000
BUSINESS & ECONOMICS / Development / Sustainable Development
BUS094000
BUSINESS & ECONOMICS / Green Business
BUS099000
BUSINESS & ECONOMICS / Environmental Economics