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.
Sutarat, Penluck, "Using Taxes to Create a More Sustainable Tuna Fishery: A Simulation Model" (2019). Senior Independent Study Theses. Paper 8349.
Agricultural and Resource Economics | Aquaculture and Fisheries
Bachelor of Arts
Senior Independent Study Thesis
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