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Fish Wars With Many Players

Author

Listed:
  • VLADIMIR V. MAZALOV

    (Institute of Applied Mathematical Research, Karelian Research Center of Russian Academy of Science, Pushkinskaya str. 11, Petrozavodsk, 185910, Russia)

  • ANNA N. RETTIEVA

    (Institute of Applied Mathematical Research, Karelian Research Center of Russian Academy of Science, Pushkinskaya str. 11, Petrozavodsk, 185910, Russia)

Abstract

Discrete-time game-theoretic models related to a bioresource management problem (fish catching) are investigated. There are some players (countries or fishing firms) which harvest the fish stock. Power population's growth function and logarithmic players' profits are considered.We derive the Nash and cooperative equilibria. We construct the characteristic function for cooperative game in two unusual forms and determine the Shapley value and time-consistent imputation distribution procedure [Petrosjan (1977)].We propose the condition which gives an incentive for the players to keep cooperation at each stage and compare it with the "irrational-behavior-profness" condition [Yeung (2006)].We propose the linear programming method to find the time-consistent "rational" solution inC-core. The numerical modelling and the results' comparison were carried out.

Suggested Citation

  • Vladimir V. Mazalov & Anna N. Rettieva, 2010. "Fish Wars With Many Players," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 12(04), pages 385-405.
  • Handle: RePEc:wsi:igtrxx:v:12:y:2010:i:04:n:s0219198910002738
    DOI: 10.1142/S0219198910002738
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    Citations

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    Cited by:

    1. Agnieszka Wiszniewska-Matyszkiel & Rajani Singh, 2020. "When Inaccuracies in Value Functions Do Not Propagate on Optima and Equilibria," Mathematics, MDPI, vol. 8(7), pages 1-25, July.
    2. Rajani Singh & Agnieszka Wiszniewska-Matyszkiel, 2020. "A class of linear quadratic dynamic optimization problems with state dependent constraints," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 91(2), pages 325-355, April.
    3. Ekaterina Marova & Ekaterina Gromova & Polina Barsuk & Anastasia Shagushina, 2020. "On the Effect of the Absorption Coefficient in a Differential Game of Pollution Control," Mathematics, MDPI, vol. 8(6), pages 1-24, June.

    More about this item

    Keywords

    Dynamic games; bioresource management problem; time-consistency; rational behavior condition; 91A50; 91A80; 49N70;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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