A Comment On Klieve-Macaulay'S Southern Bluefin Tuna Game
Klieve and MacAulay (1993) (KM) analyse bargaining between the Australian and Japanese Southern Bluefin Tuna (SBT) industries using game theory. The KM model is a Nash equilibrium with symmetrical information, threat functions and a set of biological constraints. When we attempted to include the New Zealand SBT industry as a player in the KM model, we discovered important shortcomings in it. In this comment, we outline three major shortcomings in the KM model and propose an alternative model of a Nash equilibrium for the SBT industry.
Volume (Year): 39 (1995)
Issue (Month): 03 (December)
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- H. Klieve & T. Gordon MacAulay, 1993. "A Game Theory Analysis Of Management Strategies For The Southern Bluefin Tuna Industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 37(1), pages 17-32, 04.
- Kennedy, John O.S. & Watkins, James W., 1985. "The Impact Of Quotas On The Southern Bluefin Tuna Fishery," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(01), pages -, April.
- Klieve, H. M. & 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), pages -, April.
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