This paper examines the effects of international trade and resource management in a two-country model where each country controls domestic harvest to prevent over-exploitation of an internationally shared renewable resource (e.g., fishery resources). We show that contrary to conventional wisdom,...

In this study, we examine the differences in preference for renewable resources that arise as a result of the production locale; with the focus on the fish in individual nation's territorial waters, lakes and ponds etc. In addition, we look at incomplete regulation which often occurs in renewable...

This paper examines the effects of international trade and resource management in a two-country model where each country controls domestic harvest to prevent over-exploitation of an internationally shared renewable resource (e.g., fishery resources). We show that contrary to conventional wisdom,...