Rent-Maximization versus Competition in the Western and Central Pacific Tuna Fishery

  title={Rent-Maximization versus Competition in the Western and Central Pacific Tuna Fishery},
  author={R{\"o}gnvaldur Hannesson and John G Kennedy},
Where a fish stock straddles or migrates between country A’s exclusive economic zone (EEZ) and country B’s EEZ, or the high seas, vesting ownership rights in the stock with A does not ensure efficient harvesting of the stock. This problem arises in the case of migratory tuna stocks in the Western and Central Pacific Ocean (WCPO). Four species of tuna reside for only part of the year in the EEZs of coastal states, many of which are Pacific Island Countries (PICs). Most of the harvesting of the… CONTINUE READING
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