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Quota and Risk Sharing among Fishermen

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  • Bardarson, Hermann

    ()
    (Department of Economics, University of Bergen)

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    Abstract

    Pooling and exchange of random resources may offer the owners insurance and substitution. Greater efficiency and more stable revenues thereby obtain. These good properties derive from a sharing rule that complies with the core concept from cooperative production games. It is applied here to fisheries with stochastic yield.

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    File URL: http://www.uib.no/filearchive/14-03.pdf
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    Bibliographic Info

    Paper provided by University of Bergen, Department of Economics in its series Working Papers in Economics with number 14/03.

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    Length: 11 pages
    Date of creation: 28 Dec 2003
    Date of revision:
    Handle: RePEc:hhs:bergec:2003_014

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    Postal: Institutt for √łkonomi, Universitetet i Bergen, Postboks 7802, 5020 Bergen, Norway
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    Web page: http://www.uib.no/econ/en
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    Related research

    Keywords: Resource management; randomization; risk; insurance; cooperative games; core allocations; mutual exchange; stochastic programming; communal fisheries.;

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    1. Tijs, S.H. & Gellekom, J.R.G. van & Potters, J.A.M. & Reijnierse, J.H. & Engel, M.C., 2000. "Characterization of the Owen set of linear production processes," Open Access publications from Tilburg University urn:nbn:nl:ui:12-84648, Tilburg University.
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