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Quota and Risk Sharing among Fishermen

Author

Listed:
  • Bardarson, Hermann

    (Department of Economics, University of Bergen)

Abstract

Pooling and exchange of random resources may offer the owners insurance and substitution. Greater efficiency and more stable revenues thereby obtain. These good properties derive from a sharing rule that complies with the core concept from cooperative production games. It is applied here to fisheries with stochastic yield.

Suggested Citation

  • Bardarson, Hermann, 2003. "Quota and Risk Sharing among Fishermen," Working Papers in Economics 14/03, University of Bergen, Department of Economics.
    • Handle: RePEc:hhs:bergec:2003_014
    as

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    File URL: http://ekstern.filer.uib.no/svf/2003/14-03.pdf
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    References listed on IDEAS

    as
    1. van Gellekom, J. R. G. & Potters, J. A. M. & Reijnierse, J. H. & Engel, M. C. & Tijs, S. H., 2000. "Characterization of the Owen Set of Linear Production Processes," Games and Economic Behavior, Elsevier, vol. 32(1), pages 139-156, July.
    2. Tijs, S.H. & van Gellekom, J.R.G. & Potters, J.A.M. & Reijnierse, J.H. & Engel, M.C., 2000. "Characterization of the Owen set of linear production processes," Other publications TiSEM bdf0c618-e9f1-496a-b977-0, Tilburg University, School of Economics and Management.
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    More about this item

    Keywords

    Resource management; randomization; risk; insurance; cooperative games; core allocations; mutual exchange; stochastic programming; communal fisheries.;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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