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 catching capabilities. In a dynamic bio-economic model, we determine the feasibility conditions under which a fishery...

It is well known that the non-cooperation among agents harvesting a renewable resource is critical for its sustainable management. The present paper gives insights on the complex balance between coalitions structure, resource state or dynamics and agents’ heterogeneity to avoid bio-economic...