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A Differential Game Model of Canadas Pacific Halibut Fishery

A Differential Game Model of Canadas Pacific Halibut Fishery Models Canadas Pacific halibut fishery as a nonzerosunnoncooperative differential game. Optimal harvesting level are derivedunder the criterion of profit maximization. Show that optimal aggregatesteadystate fishing effort and yield increase with the number offishermen harvesting the stock. The model provides a better explanationof what has actual occurred in this fishery than an optimal controlmodel, which may be considered as a game with one player. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

A Differential Game Model of Canadas Pacific Halibut Fishery

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0144-3585
DOI
10.1108/01443589210021415
Publisher site
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Abstract

Models Canadas Pacific halibut fishery as a nonzerosunnoncooperative differential game. Optimal harvesting level are derivedunder the criterion of profit maximization. Show that optimal aggregatesteadystate fishing effort and yield increase with the number offishermen harvesting the stock. The model provides a better explanationof what has actual occurred in this fishery than an optimal controlmodel, which may be considered as a game with one player.

Journal

Journal of Economic Studies – Emerald Publishing

Published: Apr 1, 1992

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