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A Coalition Game of the Baltic Sea Cod Fishery

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Author Info

  • Lone Grønbæk Kronbak

    ()
    (Department of Environmental and Business Economics, University of Southern Denmark)

Abstract

The paper sets up a discrete-time, deterministic, coalition game model among the major agents exploiting the cod stock in Baltic Sea. The characteristic func-tion is constructed and the Shapley value and the nucleolus are used as one-point solution concepts. The paper identifies the problem with these sharing rules and develops a new sharing rule which takes into account the stability of cooperation. The paper contributes to the literature by introducing a connection between cooperative games (sharing rules) and non-cooperative games (stabil-ity).

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File URL: http://www.sdu.dk/~/media/Files/Om_SDU/Institutter/Miljo/ime/wp/kronbak55.ashx
File Function: First version, 2004-03
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Bibliographic Info

Paper provided by University of Southern Denmark, Department of Environmental and Business Economics in its series Working Papers with number 55/04.

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Length: 47 pages
Date of creation: Mar 2004
Date of revision:
Handle: RePEc:sdk:wpaper:55

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Related research

Keywords: Fisheries; Cooperation; Coalition Game; Baltic Sea Cod; Shapley value; Characteristic function; nucleolus; Sharing rules; stability of cooperation;

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References

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  1. Sumaila, Ussif Rashid, 1999. "A review of game-theoretic models of fishing," Marine Policy, Elsevier, vol. 23(1), pages 1-10, January.
  2. Hannesson, Rognvaldur, 1997. "Fishing as a Supergame," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 309-322, March.
  3. Chander, P. & Tulkens, H., . "The core of an economy with multilateral environmental externalities," CORE Discussion Papers RP -1276, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Lone Grønbæk Kronbak & Marko Lindroos, 2003. "An Enforcement-Coalition Model: Fishermen and Authorities forming Coalitions," Working Papers 50/03, University of Southern Denmark, Department of Environmental and Business Economics.
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