This article gives insights on the complex balance between coalitions structure,
resource state or dynamics and agents’ heterogeneity to avoid bio-economic
collapses. A model bringing together coalition games and a viability approach
is proposed to focus on the compatibility between bio-economic constraints and
an exploited common stock dynamics. It is...
This paper deals with the sustainable management of a renewable resource
based on individual and transferable quotas (ITQs) when agents differ in terms of
harvesting costs or catchability. In a dynamic bio-economic model, we determine
the conditions under which the manager of an ITQ system can achieve sustainability
objectives which...