International Fisheries Management and Recreational Benefits: The Case of Baltic Salmon
Oinonen, Soile; Grønbæk, Lone; Laukkanen, Marita; Levontin, Polina; Lindroos, Marko; Nieminen, Emmi; Parkkila, Katja; Pintassilgo, Pedro; Pulkkinen, Henni; Romakkaniemi, Atso (2016)
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Oinonen, Soile
Grønbæk, Lone
Laukkanen, Marita
Levontin, Polina
Lindroos, Marko
Nieminen, Emmi
Parkkila, Katja
Pintassilgo, Pedro
Pulkkinen, Henni
Romakkaniemi, Atso
University of Chicago Press
2016
Kuvaus
peerReviewed
Tiivistelmä
This article studies how accounting for the benefits of recreational fisheries affects the formation and stability of an international fisheries agreement (IFA) on the management of Baltic salmon stocks. The interaction between four countries is modelled through a partition function game, under two scenarios. In the first scenario, countries take their participation decision for the IFA based only on the net present value of profits from commercial fisheries. In the second scenario, the net present value of the recreational benefits from angling is also considered. The results show that accounting for recreational benefits leads to the formation of the grand coalition, whereas only partial cooperation occurs when payoffs are confined to profits from commercial fisheries.
JEL
C70, F53, Q22
Avainsanat
Baltic salmon, bioeconomic modelling, coalition games, international fisheries agreements, non-market values, shared fish stocks