International Fisheries Agreements: The Feasibility and Impacts of Partial Cooperation
CentER Discussion Paper No. 2003-52
Posted: 9 Jun 2004 Last revised: 25 Aug 2014
Date Written: 2003
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 efforts 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.
Keywords: International fisheries, overexploitation, partial cooperation, games in partition function form, competitive equilibrium, modified Shapley value
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