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Fishery Economics and Game Theory

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Author Info

  • Lone Grønbæk

    ()
    (Department of Environmental and Business Economics, University of Southern Denmark)

Abstract

Game theory is an analytical tool for modeling strategic interaction between agents. Strategic interaction in fishery is interpreted as the harvest by one agent highly affects other agents’ decision. This paper is a commented literature study on the fishery economics and game theory. It tends to describe how fishery models using game theory are build up. These models consist of an underlying biological models and the game-theoretical computational concepts. The paper then describes different types of fishery and how these types are related to game theory. Special features as externalities and irreversib le capital are discussed. The paper then presents two classic models of fishery economics using game theory. Two newer papers using game theory are discussed. Finally, the paper concludes with ideas for further research.

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File URL: http://www.sdu.dk/~/media/Files/Om_SDU/Institutter/Miljo/ime/wp/Gronbk14.ashx
File Function: First version, 2000-12
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Bibliographic Info

Paper provided by University of Southern Denmark, Department of Environmental and Business Economics in its series Working Papers with number 14/00.

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Length: 67 pages
Date of creation: Dec 2000
Date of revision:
Handle: RePEc:sdk:wpaper:14

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References

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  1. James A. Brander & M. Scott Taylor, 1997. "International Trade and Open-Access Renewable Resources: The Small Open Economy Case," Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 526-52, August.
  2. Hannesson, Rognvaldur, 1997. "Fishing as a Supergame," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 309-322, March.
  3. Martin J Osborne & Ariel Rubinstein, 2009. "A Course in Game Theory," Levine's Bibliography 814577000000000225, UCLA Department of Economics.
  4. Smith, Vernon L, 1969. "On Models of Commercial Fishing," Journal of Political Economy, University of Chicago Press, vol. 77(2), pages 181-98, March/Apr.
  5. Martin Shubik, 1961. "Incentives, Decentralized Control, the Assignment of Joint Costs and Internal Pricing," Cowles Foundation Discussion Papers 112, Cowles Foundation for Research in Economics, Yale University.
  6. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
  7. Brander, James A. & Spencer, Barbara J., 1985. "Export subsidies and international market share rivalry," Journal of International Economics, Elsevier, vol. 18(1-2), pages 83-100, February.
  8. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
  9. Sumaila, Ussif Rashid, 1999. "A review of game-theoretic models of fishing," Marine Policy, Elsevier, vol. 23(1), pages 1-10, January.
  10. Ragnar Arnason, 1990. "Minimum Information Management in Fisheries," Canadian Journal of Economics, Canadian Economics Association, vol. 23(3), pages 630-53, August.
  11. Gordon R. Munro, 1979. "The Optimal Management of Transboundary Renewable Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 355-76, August.
  12. Ruseski, Gorazd, 1998. "International Fish Wars: The Strategic Roles for Fleet Licensing and Effort Subsidies," Journal of Environmental Economics and Management, Elsevier, vol. 36(1), pages 70-88, July.
  13. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
  14. Fischer, Ronald D. & Mirman, Leonard J., 1996. "The Compleat Fish Wars: Biological and Dynamic Interactions," Journal of Environmental Economics and Management, Elsevier, vol. 30(1), pages 34-42, January.
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  1. Socio-economics of Fisheries and Aquaculture

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