[All-postdocs] MPC Seminar Dr Kwabena Bediako, Thursday April 7th, 10:30 am

[Alison W Maksym]

Hello Everyone -

MPC has a seminar this week as follows - by zoom. Please circulate!  Thanks, Alison

Marine Policy Center Virtual Seminar
Thursday, April 7th, 2022 10:30 am EST

ZOOM Registration Required:
Register in advance for this meeting:
https://whoi-edu.zoom.us/meeting/register/tJYvf-6uqjwtHNMkfxcr8UoWezlBEG717VTr

Dr. Kwabena Bediako
Department of Economics
University of Alberta

Title: Stability of international fisheries agreements under stock growth uncertainty

Abstract:
Scientific evidence reveals that renewable resource stock dynamics are subject to uncertainty due to changes in environmental conditions. Despite its critical impacts on management, little is known about the effects of such uncertainty on the formation of regional fisheries management organizations (RFMOs). In this paper, we design a dynamic stock recruitment framework to examine this issue in a common pool setting. We find that stock growth uncertainty critically affects equilibrium behaviors under both open loop membership and dynamic membership. For instance, we delineate conditions under which uncertainty induces full non-cooperation in equilibrium. Strategic behaviors may also shift equilibrium outcomes from full non-cooperation under deterministic conditions to full cooperation under uncertainty when countries anticipate a small environmental variability. Moreover, strategic interactions to extract the resource stock may lead to higher individual payoffs under uncertainty. We also outline the differences in equilibrium responses of membership, harvest, and payoff to mean preserving spreads under both open loop membership and dynamic membership.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.whoi.edu/pipermail/all-postdocs/attachments/20220404/2b4749be/attachment-0001.htm 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: 2022 Flyer Bediako.pdf
Type: application/pdf
Size: 172361 bytes
Desc: 2022 Flyer Bediako.pdf
Url : http://mailman.whoi.edu/pipermail/all-postdocs/attachments/20220404/2b4749be/2022FlyerBediako-0001.pdf