A Computable Game Theoretic Approach to Modelling Competitive Fishing
AbstractA fishery is considered in which the young are harvested by one nation, and the adults by another. The harvests are sold on separate markets. Finding the optimal strategies of the two nations is treated as a problem in dynamic non-cooperative game theory. While in most other models players make decisions simultaneously at each stage, in this model each player makes his decision separately in time, knowing the action of the previous player. The model is applied to the southern bluefin tuna fishery which is jointly exploited by Australia and Japan. The results of non-cooperative and cooperative strategies are compared.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 04 (1987)
Issue (Month): 1 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Environmental Economics and Policy; International Development; International Relations/Trade; Resource /Energy Economics and Policy;
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- Klieve, H. & MacAulay, T. Gordon, 1993. "A Game Theory Analysis Of Management Strategies For The Southern Bluefin Tuna Industry," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(01), April.
- Armstrong, Claire W., 1994. "Cooperative Solutions in a Transboundary Fishery: The Russian-Norwegian Co-Management of Arcto-Norwegian Cod Stock," Marine Resource Economics, Marine Resources Foundation, vol. 9(4).
- Reinoud Joosten, 2011. "Social Dilemmas, Time Preferences and Technology Adoption in a Commons Problem," Papers on Economics and Evolution 2011-09, Max Planck Institute of Economics, Evolutionary Economics Group.
- Naito, Toyokazu & Polasky, Stephen, 1997. "Analysis Of A Highly Migratory Fish Stocks Fishery: A Game Theoretic Approach," Marine Resource Economics, Marine Resources Foundation, vol. 12(3).
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