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Panic-Based Overfishing in Transboundary Fisheries

机译：基于恐慌的跨界渔业过度捕捞

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摘要

This paper analyses sustainability of bilateral harvesting agreements in transboundary fisheries. Harvesting countries obtain public and private assessments regarding their stock of fish, and the stock experiences ecological changes. In addition to biological uncertainty, countries may face strategic uncertainty. A country that receives negative assessments about the current level of fish stock, may become pessimistic' about the assessment of the other coastal state, and this can ignite panic-based' overfishing. The paper examines the likelihood of overfishing and suggests a unique prediction about the possibility of abiding by bilateral fishing agreements. Conditions under which the outcome of the asymmetric-information model reduces to the symmetric-information game are discussed, and optimal policy instruments for intergovernmental management of the stock are offered.
机译：本文分析了跨界渔业双边收获协议的可持续性。收获国家获得有关鱼类库存的公共和私人评估，而且股票经历生态变化。除生物不确定性外，各国可能面临战略性的不确定性。一个收到关于当前鱼类库存水平的负面评估的国家可能会变得悲观“关于对其他沿海国家的评估”，这可以点燃基于恐慌的“过度捕捞”。本文审查了过度捕捞的可能性，并提出了对遵守双边捕捞协议的可能性的独特预测。讨论了不对称信息模型的结果减少到对称信息游戏的条件，并提供了对股票的政府间管理的最佳政策文书。

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