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Environment and Development EconomicsEssays in Honour of Sir Partha Dasgupta$
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Scott Barrett, Karl-Göran Mäler, and Eric S. Maskin

Print publication date: 2014

Print ISBN-13: 9780199677856

Published to Oxford Scholarship Online: May 2014

DOI: 10.1093/acprof:oso/9780199677856.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 15 April 2021

Why Cooperation is Better

Why Cooperation is Better

The Gains to Cooperative Management of the Argentine Shortfin Squid Fishery in South America

(p.270) 13 Why Cooperation is Better
Environment and Development Economics

Sebastián Villasante

U. Rashid Sumaila

Manel Antelo

Oxford University Press

The Argentine shortfin squid (Illex argentinus) is exploited by various foreign fleets operating within Argentina’s exclusive economic zone, the adjacent area beyond the 200-mile limit, and in the waters of the Falklands (Malvinas) Islands, which are controlled by the United Kingdom. In managing this resource, Argentina and the United Kingdom face a stock externality, in which each nation's catch negatively impacts the other state. This chapter uses game theory to explore the ecological and economic implications of cooperative versus non-cooperative management of this fishery. The results suggest that recent management of the fishery is consistent with non-cooperative behavior. Were cooperation to succeed, both players would obtain a higher pay-off than in the non-cooperative outcome. They would, in particular, reduce their collective fishing effort, increase the abundance of the stock, and reduce the cost of fishing.

Keywords:   Argentine shortfin squid fishery, catches, fishing effort, fishery biomass, fisheries modelling, cooperation, non-cooperative game theory

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