REES Visiting Speaker: Dr. Kira Pronin, Thursday, October 27, 2022

Date(s) - 27/10/2022
3:30 pm - 5:00 pm
550 General Services Building, 550 General Services Building University of Alberta , Edmonton Alberta

Title: Futures Markets in the Management of Common Pool Fisheries

Speaker: Dr. Kira Pronin, University of Pittsburgh, Department of Economics, Pittsburgh, PA

Date: Thursday, October 27, 2022

Time: 3:30 – 5:00 PM

Location: 550 General Services Building

Join Zoom Meeting
https://ualberta-ca.zoom.us/j/96786483184?pwd=OFVFVUJWR2dFQkc4RW93UmdKMTNqdz09

Meeting ID: 967 8648 3184
Passcode: 735823

Abstract:

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.


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