game theory and fisheries essays on the tragedy of free for all fishing routledge explorations in environmental economics

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Game Theory And Fisheries

Author : Ussif Rashid Sumaila
ISBN : 9781136187285
Genre : Business & Economics
File Size : 79. 87 MB
Format : PDF
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Today, there is a growing sense of urgency among fisheries scientists regarding the management of fish stocks, particularly among those who predict the imminent collapse of the fishing industry due to stock depletion. This book takes a game theoretic approach to discussing potential solutions to the problem of fish stock depletion. Acknowledging the classification of fish stocks as destructible renewable resources, these essays are concerned with the question of how much of the stock should be consumed today and how much should be left in place for the future. The book targets both economists and students of economics who are familiar with the tools of their trade but not necessarily familiar with game theory in the context of fisheries management. Importantly, the goal is not to give a summary evaluation of the current views of the ‘appropriate’ response to immediate policy questions, but rather to describe the ways in which the problems at hand can be productively formulated and approached using game theory and couched on real world fisheries. Game Theory and Fisheries consists of twelve previously published but updated articles in fisheries management, a number of which address a gap in the fisheries literature by modelling and analysing the exploitation of fishery resources in a two-agent fishery, in both cooperative and non-cooperative environments. The author’s work ultimately illustrates that the analysis of strategic interaction between those with access to shared fishery resources will be incomplete without the use of game theory.

Economics Of International Environmental Agreements

Author : M. Özgür Kayal?ca
ISBN : 9781317231264
Genre : Business & Economics
File Size : 69. 97 MB
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International environmental agreements provide a basis for countries to address ecological problems on a global scale. However, countries are heterogeneous with respect to their economic structures and to the problems relating to the environment that they encounter. Therefore, economic externalities and global environmental conflicts are common and can cause problems in implementation and compliance with international agreements. Economics of International Environmental Agreements illuminates those issues and factors that might cause some countries or firms to take different positions on common problems. This book explores why international environmental agreements deal with some problems successfully but fail with others. The chapters address issues that are global in nature, such as: transboundary pollution, provision of global public goods, individual preferences of inequality- aversion, global cooperation, self-enforcing international environmental agreements, emission standards, abatement costs, environmental quota, technology agreement and adoption and international institutions. They examine the necessary conditions for the improved performance of international environmental agreements, how cooperation among countries can be improved and the incentives that can be created for voluntary compliance with international environmental agreements. This text is of great importance to academics, students and policy makers who are interested in environmental economics, policy and politics, as well as environmental law.

The Economics Of Biofuels

Author : Stefania Bracco
ISBN : 9781317218975
Genre : Business & Economics
File Size : 49. 7 MB
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Biofuels are a renewable source of energy used mainly for transportation. They link together food, energy and natural resources sectors, and involve ecological, social and inequality issues. They are an emblematic example of the interactions between economic, environmental, social and political decisions and, as a recent and complex issue, require updated and detailed information to be understood. This book aims to shed light on several economic, social and environmental issues connected to biofuel production and policies. The Economics of Biofuels adopts detailed descriptions, rigorous data analysis and precise econometric methods to estimate the effects of biofuel on different socio-economic factors, avoiding complicated and sometimes ineffective models based on context-specific parameters. In particular, the book focuses on the impact of bioenergy policy on biocommodity production and trade, and on the related phenomenon of land acquisitions to grow biofuel commodities. The book’s main findings are derived by an original and unique dataset collecting information on the investors acquiring land in Africa and on the voluntary standard, certification and labelling schemes adopted by them as Corporate Social Responsibility (CSR) strategy. The analysis links together in an original way public and private initiatives to make biofuel sustainable. Therefore, this book represents an improvement in the understanding of biofuel production and policy’s sustainability. This book is of interest to those who study environmental economics, agricultural economics and sustainable development. It is also suitable for those in the renewable energy sector, with a particular focus on biofuel sustainability.

Complex Economics

Author : Alan Kirman
ISBN : 9781136941672
Genre : Business & Economics
File Size : 69. 34 MB
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The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central. The direct interaction between individuals, firms and banks does not simply produce imperfections in the functioning of the economy but is the very basis of the functioning of a modern economy. This book suggests a way of analysing the economy which takes this point of view. The economy should be considered as a complex adaptive system in which the agents constantly react to, influence and are influenced by, the other individuals in the economy. In such systems which are familiar from statistical physics and biology for example, the behaviour of the aggregate cannot be deduced from the behaviour of the average, or "representative" individual. Just as the organised activity of an ants’ nest cannot be understood from the behaviour of a "representative ant" so macroeconomic phenomena should not be assimilated to those associated with the "representative agent". This book provides examples where this can clearly be seen. The examples range from Schelling’s model of segregation, to contributions to public goods, the evolution of buyer seller relations in fish markets, to financial models based on the foraging behaviour of ants. The message of the book is that coordination rather than efficiency is the central problem in economics. How do the myriads of individual choices and decisions come to be coordinated? How does the economy or a market, "self organise" and how does this sometimes result in major upheavals, or to use the phrase from physics, "phase transitions"? The sort of system described in this book is not in equilibrium in the standard sense, it is constantly changing and moving from state to state and its very structure is always being modified. The economy is not a ship sailing on a well-defined trajectory which occasionally gets knocked off course. It is more like the slime described in the book "emergence", constantly reorganising itself so as to slide collectively in directions which are neither understood nor necessarily desired by its components.

Living With The Commons

Author : Are J. Knudsen
ISBN : STANFORD:36105017917092
Genre : Commons
File Size : 50. 19 MB
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Fisheries In The Pacific

Author : Simonne Pauwels
ISBN : 9782956398165
Genre : Nature
File Size : 80. 41 MB
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Fisheries in the Pacific: The Challenges of Governance and Sustainability is a multidisciplinary book, which examines various aspects of coastal and oceanic fisheries in Pacific waters. These interrelated fisheries sectors are critical for regional food security and also represent a reserve of food resources for the rest of the world. The introduction and eight chapters highlight that both these sectors raise major economic and ecological issues while revealing significant social changes, political asymmetries and alliances, geostrategic rationales, developments in legislation, customary dynamics, and conservation challenges. Through complementary approaches and interpretations of both quantitative and qualitative data, this book aims to contribute to a better understanding of the current situation of fisheries in the Pacific. It also responds to the compelling need to establish a constructive and ongoing dialogue on the matter between social scientists and environmental scientists, based in Europe and in the Pacific Islands, and between these experts and the various stakeholders and policy-making institutions involved in the Pacific region.

The Paradoxes Of Transparency

Author : Douglas Clyde Wilson
ISBN : 9789089640604
Genre : Business & Economics
File Size : 41. 35 MB
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"The International Council for the Exploration of the Sea (ICES) is the central scientific network within the massive set of bureaucracies that is responsible for Europe's Common Fisheries Policy (CFP). While spending the past 25 years failing to sustain Europe's fish stocks, this management system also became adept at making the lives of its scientists miserable. Now it is being confronted by the complex challenge of an ecosystem-based approach to fisheries management. If this combination of a multi-national bureaucracy, hard politics, and scientific uncertainty has made it impossible to maintain many individual fish stocks, how are decisions going to be made that consider everything from sea birds to climate change? The old political saw that "if you can't solve a problem, make it bigger" has never been put to a test like this! Yet ICES has begun to rise in an impressive way to the scientific challenge of providing advice for an ecosystem approach within the world's most cumbersome fisheries management system. This book lays out the results of extensive sociological research on ICES and the decision making systems into which it feeds. ICES is finding ways to provide effective advice in the many situations where scientific advice is needed but a clear, simple answer is out of reach. In spite of the difficulties, scientists are beginning to help the various parties concerned with management to deal with facts about nature in ways that are more useful and transparent"--Publisher's description.

Essays On Game Theory

Author : The late John F. Nash
ISBN : 1781956294
Genre : Business & Economics
File Size : 72. 74 MB
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'This short volume is very welcome . . . Most importantly, on pages 32-33, the volume reprints as an appendix to the journal article based on Nash's Princeton doctoral dissertation on non-cooperative games a section of the thesis on "motivation and interpretation" that was omitted from the article. An editorial note remarks mildly that "The missing section is of considerable interest". This section, not available in any other published source, makes the present volume indispensable for research libraries . . . Nash's Essays on Game Theory, dating from his years as a Princeton graduate student . . . has a lasting impact on economics and related fields unmatched by any series of articles written in such a brief time . . . To economists, his name will always bring to mind his game theory papers of the early 1950s. It is good to have these conveniently reprinted in this volume.' - Robert W. Dimand, The Economic Journal 'The news that John Nash was to share the 1994 Nobel Prize for Economics with John Harsanyi and Reinhard Selten was doubly welcome. It signalled not only that the brilliant achievements of his youth were to be recognized in a manner consistent with their significance, but that the long illness that clouded his later years had fallen into remission. I hope that this collection of his economic papers will serve as another reminder that John Nash has rejoined the intellectual community to which he has contributed so much.' - From the introduction by Ken Binmore Essays on Game Theory is a unique collection of seven of John Nash's essays which highlight his pioneering contribution to game theory in economics. Featuring a comprehensive introduction by Ken Binmore which explains and summarizes John Nash's achievements in the field of non-cooperative and cooperative game theory, this book will be an indispensable reference for scholars and will be welcomed by those with an interest in game theory and its applications to the social sciences.

Governing The Commons

Author : Elinor Ostrom
ISBN : 9781107569782
Genre : Political Science
File Size : 39. 77 MB
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Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.

Property Rights In A Social And Ecological Context

Author : Susan Hanna
ISBN : 0821334166
Genre : Business & Economics
File Size : 43. 27 MB
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The collection of papers in the book Property Rights and the Environment: Social and Ecological Issues, (6) and this companion volume examine the relationships between people, the environment, and property rights and the ways in which a given social and ecological context affects those relationships. The papers are products of a research program at the Royal Swedish Academy of Sciences, Stockholm. The main objective of the program was to convene social scientists and natural scientists to address research questions in their full social and ecological dimensions.The program's participants addressed five general issues related to property rights and the environment: (1) the design of governance systems for sustainability; (2) the relationship between equity, stewardship, and environmental resilience; (3) the use of traditional knowledge in resource management, (4) the mechanisms that link people to their environments, and (5) the role played by population and poverty. This volume presents case studies that address questions of design application in those five areas.(6) Also available: Property Rights and the Environment: Social and Ecological Issues. (ISBN 0-8213-3415-8) Stock No. 13415.

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