Straddling the line: cooperative and non-cooperative strategies for management of Bering Sea pollock

The eastern Bering Sea fishery for pollock, Theragra chalcogramma, yields a first wholesale value over $1 billion; it is the premier US fishery. While there is general agreement that this fishery is managed under principles that foster sustainability, the stock is not wholly contained within the US Exclusive Economic Zone. Management of straddling stocks can be highly contentious, particularly when, as is the case for pollock, the spatial distribution varies considerably. When the center of pollock abundance shifts to the northwest, an increased portion of the stock is exposed to harvest by vessels operating in the Russian Federation Exclusive Economic Zone. The lack of coordination in the management of this transboundary stock presents a risk that is not reflected in current management strategies. We use a multiple product/multiple market bioeconomic model to characterize optimal cooperative and non-cooperative harvest management strategies from the perspective of US and Russian pollock fisheries under environmentally induced changes in pollock abundance and the distribution of that abundance.