Dynamic modeling of pulse fishing: A game theoretic approach
AbstractThis paper is concerned with the classic topic of intertemporal resource economics: the optimal harvesting of renewable natural resources over time by one and several resource owners with conflicting interests. The traditional management model, dating back to Plourde (1970), is extended towards a twoÃƒÂ¢Ã¯Â¿Â½Ã¯Â¿Â½state model in which harvesting equipment is treated as a stock variable. As a consequence of this extension, equilibrium dynamics with bifurcations and limit cycles occur. We also discuss conflicts as a game with two types of players involved: the traditional fishermen armed with the basic equipment and the heavy equipment users. Both players have a common depletion function, considered as harvesting, which is dependent together on personal effort and on intensity of equipmentÃƒÂ¢Ã¯Â¿Â½Ã¯Â¿Â½s usage.
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Bibliographic InfoPaper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1324.
Date of creation: 01 Mar 2013
Date of revision:
Renewable resources; exploitation of natural resources; optimal control; differential games;
Other versions of this item:
- Halkos, George & Papageorgiou, George, 2013. "Dynamic modeling of pulse fishing: A game theoretic approach," MPRA Paper 47871, University Library of Munich, Germany.
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
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