3:30 pm - 5:00 pm
550 General Services Building, 550 General Services Building, Edmonton
Title: Futures Markets in the Management of Common Pool Fisheries
Speaker: Dr. Kira Pronin, University of Pittsburgh, Department of Economics
Date: Thursday October 27, 2022
Time: 3:30 – 5:00 pm
Location: 550 GSB. Please note, this seminar is in-person only, no Zoom.
This paper studies the use of a futures market as a mechanism for managing overfishing from a common pool. I provide conditions under which Cournot duopolists can use the futures market for fish in a subsequent season to coordinate their harvesting actions in the current season, thereby preserving a sustainable level of fish stock.