centred on Russia’s 1999 harvest, Modelling alternative coalition behaviour The behaviour of the grand coalition is modelled as a straightforward maximisation problem. In the case of other coalition arrangements, the strategic interaction of two or more players results in non-cooperative dynamic Nash equilibria.
Cooperative joint maximisation of net revenues Russia, Norway and the EU set fishing mortalities for each year of the planning horizon of Y years so as to maximise the present value of combined net revenue over the planning horizon. The problem is:
