Using Taxes to Create a More Sustainable Tuna Fishery: A Simulation Model

Authors

Penluck Sutarat, The College of WoosterFollow

Abstract

This paper seeks to curb overfishing of yellowfin tuna in the Western and Central Pacific Ocean. We regulate the fishery with a tax on effort. We derive a game theoretic simulation model based upon Gordon-Schaefer. Our numerical simulation shows that a 200\% tax will yield a sustainable stock size. The reason for this high a tax rate is due to the assumption of two players: The burden of sustainability of the whole fishery rests on two players, Japan and Korea. Future models should derive this simulation for more countries.

Advisor

Moledina, Amyaz

Department

Economics

Recommended Citation

Sutarat, Penluck, "Using Taxes to Create a More Sustainable Tuna Fishery: A Simulation Model" (2019). Senior Independent Study Theses. Paper 8349.
https://openworks.wooster.edu/independentstudy/8349

Disciplines

Agricultural and Resource Economics | Aquaculture and Fisheries

Publication Date

2019

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis