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A great fish war model with asymmetric players

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  • Breton, Michèle
  • Keoula, Michel Yevenunye

Abstract

This paper analyzes the coalitional Great Fish War model under the assumption that players differ in their time preferences and use different discount rates. We derive the equilibrium payoffs of this coalitional game and investigate the impact of the asymmetry assumption on the extreme schemes of cooperative and non-cooperative equilibria. We then proceed to the computation of stable coalitions using time-consistent harvest-sharing policies for the partial coordination scheme, in the case where players are divided into two groups (high and low discount rates). We find that asymmetry has a significant impact on the way the resource is shared and on the profitability of coalitions. We also find that asymmetry is not a sufficient feature to overcome the puzzle of small coalitions.

Suggested Citation

  • Breton, Michèle & Keoula, Michel Yevenunye, 2014. "A great fish war model with asymmetric players," Ecological Economics, Elsevier, vol. 97(C), pages 209-223.
  • Handle: RePEc:eee:ecolec:v:97:y:2014:i:c:p:209-223
    DOI: 10.1016/j.ecolecon.2013.11.002
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    References listed on IDEAS

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    Cited by:

    1. Pedro Pintassilgo & Lone Kronbak & Marko Lindroos, 2015. "International Fisheries Agreements: A Game Theoretical Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(4), pages 689-709, December.
    2. Adam N. Walker & Hans-Peter Weikard & Andries Richter, 2015. "The Rise and Fall of the Great Fish Pact under Endogenous Risk of Stock Collapse," Working Papers 2015.60, Fondazione Eni Enrico Mattei.
    3. Florian K. Diekert & Emmi Nieminen, 2017. "International Fisheries Agreements with a Shifting Stock," Dynamic Games and Applications, Springer, vol. 7(2), pages 185-211, June.
    4. Julia Hoffmann & Martin Quaas, 2016. "Common Pool Politics and Inefficient Fishery Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(1), pages 79-93, January.
    5. repec:spr:dyngam:v:8:y:2018:i:1:d:10.1007_s13235-016-0205-3 is not listed on IDEAS

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