Game theory and fisheries

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Gronbaek , L , Lindroos , M , Munro , G & Pintassilgo , P 2018 , ' Game theory and fisheries ' , Fisheries Research , vol. 203 , pp. 1-5 .

Title: Game theory and fisheries
Author: Gronbaek, Lone; Lindroos, Marko; Munro, Gordon; Pintassilgo, Pedro
Contributor organization: Department of Economics and Management
Helsinki Institute of Sustainability Science (HELSUS)
Economics of aquatic ecosystems
Environmental and Resource Economics
Date: 2018-07
Language: eng
Number of pages: 5
Belongs to series: Fisheries Research
ISSN: 0165-7836
Abstract: Game theory studies the strategic interactions between and among decision makers, players, through mathematical models called games. This paper presents an overview on the evolution of the application of game theory to fisheries economics. The first applications emerged in the late 1970s, focussing upon internationally shared fish stocks. This occurred in the context of the UN Third Conference on the Law of the Sea, and the 1982 UN Convention on the Law of the Sea. During the 1980s and early 1990s the application of game theory to fisheries focused mainly on transboundary fish stocks. Thereafter, the applications to straddling fish stocks developed significantly, through the use of coalition games. This was a consequence of the mismanagement of these stocks, and the management regime brought forth in response by the 1995 UN Fish Stocks Agreement. The application of game theory to the management of national/regional fisheries is a new research frontier, as it is still much underexplored, when compared to international fisheries. This paper also summarizes the main research developments of a set of nine papers selected for this special issue on Game Theory and Fisheries.
Subject: Game theory
Fisheries economics
International fisheries
National fisheries
511 Economics
Peer reviewed: Yes
Rights: cc_by_nc_nd
Usage restriction: openAccess
Self-archived version: acceptedVersion

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