On shared use of renewable stocks
Considered here is multi-party exploitation of common property, renewable resources. The parties play various dynamic games differing in degree of cooperation and commitment. Comparisons of steady states clarify issues on collective choice and individual welfare. Motivation stems from shared use of...
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Online Access: | https://hdl.handle.net/11250/2739642 https://doi.org/10.1016/j.ejor.2020.08.052 |
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ftunivbergen:oai:bora.uib.no:11250/2739642 2023-05-15T17:38:20+02:00 On shared use of renewable stocks Ekerhovd, Nils-Arne Flåm, Sjur Didrik Steinshamn, Stein Ivar 2020 application/pdf https://hdl.handle.net/11250/2739642 https://doi.org/10.1016/j.ejor.2020.08.052 eng eng Elsevier Norges forskningsråd: 255530 Norges forskningsråd: 257630 Norges forskningsråd: 302197 urn:issn:0377-2217 https://hdl.handle.net/11250/2739642 https://doi.org/10.1016/j.ejor.2020.08.052 cristin:1826175 European Journal of Operational Research. 2020, 290(3):1125-1135 Navngivelse 4.0 Internasjonal http://creativecommons.org/licenses/by/4.0/deed.no Copyright 2020 The Authors European Journal of Operational Research 1125-1135 290 3 Journal article Peer reviewed 2020 ftunivbergen https://doi.org/10.1016/j.ejor.2020.08.052 2023-03-14T17:40:35Z Considered here is multi-party exploitation of common property, renewable resources. The parties play various dynamic games differing in degree of cooperation and commitment. Comparisons of steady states clarify issues on collective choice and individual welfare. Motivation stems from shared use of fish stocks which straddle the high seas between and in exclusive zones. An important instance, observed in the North-East Atlantic, is the object of computation and discussion. Not surprisingly, full cooperation yields efficiency but strategic instability. By contrast, fully noncooperative play comes out glaringly inefficient but stable. Interestingly, on middle ground, suitable quota transfers may substitute for side payments and, to tolerable measure, bring both efficiency and stability. publishedVersion Article in Journal/Newspaper North East Atlantic University of Bergen: Bergen Open Research Archive (BORA-UiB) Middle Ground ENVELOPE(-55.715,-55.715,53.317,53.317) European Journal of Operational Research 290 3 1125 1135 |
institution |
Open Polar |
collection |
University of Bergen: Bergen Open Research Archive (BORA-UiB) |
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ftunivbergen |
language |
English |
description |
Considered here is multi-party exploitation of common property, renewable resources. The parties play various dynamic games differing in degree of cooperation and commitment. Comparisons of steady states clarify issues on collective choice and individual welfare. Motivation stems from shared use of fish stocks which straddle the high seas between and in exclusive zones. An important instance, observed in the North-East Atlantic, is the object of computation and discussion. Not surprisingly, full cooperation yields efficiency but strategic instability. By contrast, fully noncooperative play comes out glaringly inefficient but stable. Interestingly, on middle ground, suitable quota transfers may substitute for side payments and, to tolerable measure, bring both efficiency and stability. publishedVersion |
format |
Article in Journal/Newspaper |
author |
Ekerhovd, Nils-Arne Flåm, Sjur Didrik Steinshamn, Stein Ivar |
spellingShingle |
Ekerhovd, Nils-Arne Flåm, Sjur Didrik Steinshamn, Stein Ivar On shared use of renewable stocks |
author_facet |
Ekerhovd, Nils-Arne Flåm, Sjur Didrik Steinshamn, Stein Ivar |
author_sort |
Ekerhovd, Nils-Arne |
title |
On shared use of renewable stocks |
title_short |
On shared use of renewable stocks |
title_full |
On shared use of renewable stocks |
title_fullStr |
On shared use of renewable stocks |
title_full_unstemmed |
On shared use of renewable stocks |
title_sort |
on shared use of renewable stocks |
publisher |
Elsevier |
publishDate |
2020 |
url |
https://hdl.handle.net/11250/2739642 https://doi.org/10.1016/j.ejor.2020.08.052 |
long_lat |
ENVELOPE(-55.715,-55.715,53.317,53.317) |
geographic |
Middle Ground |
geographic_facet |
Middle Ground |
genre |
North East Atlantic |
genre_facet |
North East Atlantic |
op_source |
European Journal of Operational Research 1125-1135 290 3 |
op_relation |
Norges forskningsråd: 255530 Norges forskningsråd: 257630 Norges forskningsråd: 302197 urn:issn:0377-2217 https://hdl.handle.net/11250/2739642 https://doi.org/10.1016/j.ejor.2020.08.052 cristin:1826175 European Journal of Operational Research. 2020, 290(3):1125-1135 |
op_rights |
Navngivelse 4.0 Internasjonal http://creativecommons.org/licenses/by/4.0/deed.no Copyright 2020 The Authors |
op_doi |
https://doi.org/10.1016/j.ejor.2020.08.052 |
container_title |
European Journal of Operational Research |
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290 |
container_issue |
3 |
container_start_page |
1125 |
op_container_end_page |
1135 |
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