Sharing rules and stability in coalition games with externalities

This paper examines cooperative sharing rules in fisheries coalition games and develops a new sharing rule that takes into account the stability of cooperation when externalities are present. We contribute to existing knowledge by introducing a connection between cooperative games (sharing rules) and non-cooperative games (stability). As an illustrative example, we describe a discrete-time, deterministic, coalition game model of the major agents who exploit the cod stock in the Baltic Sea.