International Agreements in the Multispecies Baltic Sea Fisheries

Emmi Nieminen (), Lone Grønbæk and Marko Lindroos
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Emmi Nieminen: University of Helsinki
Marko Lindroos: University of Helsinki

Environmental & Resource Economics, 2016, vol. 65, issue 1, No 7, 109-134

Abstract: Abstract This study analyses a multispecies (cod, herring and sprat) partition function game among three asymmetric countries in the Baltic Sea. Through an empirical application, the study highlights the importance of dynamic multispecies models in coalition formation. We show that the grand coalition between the three countries can be stabilised when the most efficient country compensates the other countries. This solution is not feasible when using a single-species model for the cod population; thus, taking into account the multispecies nature of the Baltic Sea fisheries, the scope of cooperation increases compared with a single-species simulation. In contrast to the predominant conception, climate change may improve the likelihood of a binding agreement because with a lower cod biomass, countries will gain more from cooperation.

Keywords: Baltic cod; Baltic Sea; Bio-economic modelling; Climate change; Coalition formation game; Ecosystem model; International agreements; Multispecies model; Partition function game (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10640-015-9933-x

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