The problem of stock-flow dynamics, externalities in production, the relation between man and his natural environment, social control or regulation, public investment, and the economic significance of property rights, all arise in an important and natural way in economic analysis of fishery. The project aims at identifying management strategies connected with sutainable fisheries in the case of competitive exploitation of common property fish stocks subject to risk and uncertainty (by game theory approaches). It takes into account the special problem of information asymmetry in determining the optimal harvest policies and the values of stocks as well as finding the policy handles to restructure the global fishing industry and addressing the loss of biodiversity in the global marine and coastal environment through inter-governmental cooperation and commitment.
|Effective start/end date||1/12/98 → 1/12/02|
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