THE NATURE AND EVOLUTION OF COOPERATIVE FISHING ARRANGEMENTS IN EXTENDED JURISDICTION ZONES

Following the global extension of marine fishery jurisdiction, coopera tive fishing arrangements have emerged between coastal nations and dis tant water fleets. Economic analysis of these arrangements to date has emphasized their bilateral nature and the associated difficulties of influencing and monitoring behavior, including incentive gaps resultin g from differing perceptions of the future. When it is recognized that there are many buyers and sellers of ''access'', and that the resourc es themselves are heterogeneous, the magnitude of such gaps diminishes . We develop a theoretical model and provide empirical evidence suppor ting the position that a competitive ''international market for access '' is evolving. Published by Elsevier Science Ltd.