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- Title
SHARING THE BENEFITS OF COOPERATION IN THE NORWEGIAN SPRING-SPAWNING HERRING FISHERY.
- Authors
LINDROOS, MARKO
- Abstract
The purpose of this paper is to study the sharing of cooperative benefits between the potential fishing nations of Norwegian spring-spawning (or Atlanto-Scandian) herring (NSSH). I study a three-player coalitional game where Shapley value is used as a solution concept. The results show that full cooperation is a stable solution of the game, that is, no country finds it optimal to leave the grand coalition. However, it is further shown how full cooperation may become unstable under biological uncertainty. Therefore, I propose a simple mechanism to alleviate the problem. The instability created by biological uncertainty can be significantly reduced when simple modified cooperative strategies are applied. By introducing a safe minimum biological level for the fish stock (SMBL) below which no harvesting takes place and also changing gear selectivities, instability reduces a great deal. However, a safe minimum economic level (SMEL) when there may be perfect stability is shown to be higher than the SMBL.
- Subjects
PACIFIC herring fisheries; NATURAL resources; FISH stocking; FISHERY management; COOPERATIVE fisheries; MARINE biology
- Publication
International Game Theory Review, 2004, Vol 6, Issue 1, p35
- ISSN
0219-1989
- Publication type
Article
- DOI
10.1142/S021919890400006X