Allocating benefits from the ASEAN power grid

Abstract

The ASEAN Power Grid (APG) is a program aiming for an integrated Southeast Asian power grid system. The fact that the APG is profitable to member countries has been well-established by several studies. In this paper we focus on the allocation and stability of the program, by applying concepts developed in the cooperative game theory and the graph theory. The Myerson value shows that Laos and Thailand are key countries, among the Greatest Mekong Subregion (GMS), where Cambodia, Laos, Myanmar, Thailand, and Vietnam are located. We check the stability of the program through core and pairwise stability. While the core of grand coalition is empty, the current network is pairwise stable.