2007
DOI: 10.1086/mre.22.2.42629549
|View full text |Cite
|
Sign up to set email alerts
|

Sharing Rules and Stability in Coalition Games with Externalities

Abstract: The paper studies cooperative sharing rules in fisheries coalition games and develops a new sharing rule which takes into account the stability of cooperation when externalities are present. The paper contributes to the literature by introducing a connection between cooperative games (sharing rules) and non-cooperative games (stability). For an illustrative example it sets up a discrete-time, deterministic, coalition game model among the major agents exploiting the cod stock in the Baltic Sea.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
2
1

Citation Types

1
38
0
1

Year Published

2011
2011
2020
2020

Publication Types

Select...
3
3
1

Relationship

1
6

Authors

Journals

citations
Cited by 41 publications
(40 citation statements)
references
References 20 publications
1
38
0
1
Order By: Relevance
“…Efficiency and stability metrics are commonly used to evaluate coalitions (e.g., [24,29,28,19]). The former giving an assurance on the economical gain reached by being in the coalition, the later giving a certainty that the coalition is viable on the long term.…”
Section: Selecting the Best Coalitionmentioning
confidence: 99%
See 1 more Smart Citation
“…Efficiency and stability metrics are commonly used to evaluate coalitions (e.g., [24,29,28,19]). The former giving an assurance on the economical gain reached by being in the coalition, the later giving a certainty that the coalition is viable on the long term.…”
Section: Selecting the Best Coalitionmentioning
confidence: 99%
“…Hence, several elements come to play for the evaluation of a coalition's stability such as the characteristic function [23], Shapley value [29], nucleolus [28], Satisfactory Nucleolus [19] and others.…”
Section: Selecting the Best Coalitionmentioning
confidence: 99%
“…eq. (5a) and (5b) subject to the stocks being at equilibrium (5). Here p 1 is the market price of fish stock x 1 , p 2 the market price of fish stock x 2 and c is the unit cost of effort.…”
Section: Sole Owner Optimum W/ Two Speciesmentioning
confidence: 99%
“…Its application to fisheries agreements began in the late 1970s around the time when the 200 mile zone was recognised, establishing de facto property rights of coastal states over the fish in extended zones (Bailey et al 2010, Hannesson 2011. Game theory has been applied extensively to the issue of how such shared fish stocks will be exploited (Lindroos 2004, Kronbak 2007. Questions focus on how cooperation can be achieved given that countries differ, the outcomes of competition versus cooperation and what could be done to secure a cooperative outcome (Bailey et al 2010, Hannesson 2011.…”
Section: Game Theory -Coalition Theory and Principal Agent Theorymentioning
confidence: 99%
“…For instance, coalition theory, one branch of game theory, analyses international environmental agreements on trans-boundary problems caused by externalities, such as migratory tuna stocks (Bailey et al 2010, Hannesson 2011. This research examines the extent to which cooperative arrangements succeed or fail to secure positive environmental outcomes (e.g Lindroos 2004, Kronbak 2007, Pintassilgo 2010, as well as the degree of stability of the cooperation in maintaining these outcomes over time (Dellink 2011).…”
Section: Game Theory -Coalition Theory and Principal Agent Theorymentioning
confidence: 99%