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Managing the Northern Atlantic Bluefin Tuna Fisheries: The Stability of the UN Fish Stock Agreement Solution
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2000
Year
Agreement SolutionFeedback NashSustainable FisherySeafood IndustryManagementBusinessFisheries ScienceFishery EnforcementMarine ManagementBlue EconomyStrategyCommercial FishingFisheries ManagementMarine BiologyMarket DesignMechanism DesignFeedback Nash Solution
The stability of an agreement solution for the management of the Northern Atlantic bluefin tuna is examined. The results show that the agreement studied is preferred over both the open-access and the feedback Nash solution, but may be unstable. In the case of the feedback Nash, the instability can be eliminated if there are side payments.