This paper deals with partial cooperation among countries involved in the exploitation of straddling and highly migratory fish stocks. We analyse the feasibility of coalition structures and their impacts on fishing e.orts by means of games in partition function form. Furthermore, we demonstrate that the modified Shapley value is an appropriate device for the division of the gains from cooperation.
|Title of host publication||The Theory and Practice of Environmental and Resource Economics|
|Editors||T. Aronsson, R. Axelsson, R. Brännlund|
|Place of Publication||Cheltenham|
|Publisher||Edward Elgar Publishing Limited|
|Number of pages||27|
|Publication status||Published - 2006|