Atlantic Salmon Fishery in the Baltic Sea – A Case of Trivial Cooperation

Soile Kulmala, Polina Levontin, Marko Lindroos and Pedro Pintassilgo

No 59094, 2010 Conference (54th), February 10-12, 2010, Adelaide, Australia from Australian Agricultural and Resource Economics Society

Abstract: This paper analyses the management of the Atlantic salmon stocks in the Baltic Sea through a coalition game in the partition function form. The signs of economic and biological over-exploitation of these salmon stocks over the last two decades indicate that cooperation among the harvesting countries, under the European Union's Common Fisheries Policy, has been superficial. Combining a two-stage game of four asymmetric players with a comprehensive bioeconomic model, we conclude that cooperation under the Relative Stability Principle is not a stable outcome. In contrast, the equilibrium of the game is non-cooperation. The paper also addresses the possibility of enhancing cooperation through more flexible fishing strategies. The results indicate that partial cooperation is stable under a specific sharing scheme. It is also shown that substantial economic benefits could have been realised by reallocating the fishing effort.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 22
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare10:59094

DOI: 10.22004/ag.econ.59094

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