This paper addresses the two main problems that Regional Fishery Management Organizations face. First, how to induce independent nations to reduce their fishing efforts from the competitive equilibrium to prevent the fish stock from extinction or to increase profits. We argue that adjustment...

This paper addresses the two main problems that Regional Fishery Management Organizations face. First, how to induce independent nations to reduce their fishing efforts from the competitive equilibrium to prevent the fish stock from extinction or to increase profits. We argue that adjustment...

This paper examines how a Regional Fisheries Management Organization (RFMO) might successfully achieve effective control of a high seas fishery in the context of partial cooperation. We analyse the feasible allocations of property rights among members of a given RFMO and coalitions of potential...