IDEAS home Printed from https://ideas.repec.org/a/spr/joevec/v13y2003i2p183-200.html
   My bibliography  Save this article

Evolution of harvesting strategies: replicator and resource dynamics

Author

Listed:
  • Joïlle Noailly
  • Jeroen C.J.M. van den Bergh
  • Cees A. Withagen

Abstract

Economic theories of managing renewable resources, such as fisheries and forestry, traditionally assume that individual harvesters are perfectly rational and thus able to compute the optimal harvesting strategy that maximizes their profits. The current paper presents an alternative approach based on bounded rationality and evolutionary mechanisms. This is applied to the problem of interactions between harvesters of a renewable resource. The model assumes that individual harvesters face a choice between two harvesting strategies. The evolution of the distribution of strategies in the population is modeled through a replicator dynamics equation. The latter captures the idea that strategies yielding above average profits are more demanded than strategies yielding below average profits, so that the first type ends up accounting for a larger part in the population. Mathematically, the combination of resource and evolutionary processes leads to complex dynamics. The paper identifies the steady-states of the system and presents the existence and stability conditions for each equilibrium. In addition, effects of changes in prices are analyzed. A main result of the paper is that under certain conditions both strategies can survive in the long-run. Finally, policy implications for the management of renewable resources are discussed.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Joïlle Noailly & Jeroen C.J.M. van den Bergh & Cees A. Withagen, 2003. "Evolution of harvesting strategies: replicator and resource dynamics," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 183-200, April.
  • Handle: RePEc:spr:joevec:v:13:y:2003:i:2:p:183-200 DOI: 10.1007/s00191-003-0146-z
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00191-003-0146-z
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Arifovic, Jasmina, 1994. "Genetic algorithm learning and the cobweb model," Journal of Economic Dynamics and Control, Elsevier, vol. 18(1), pages 3-28, January.
    2. Clemens, Christiane & Riechmann, Thomas, 1996. "Evolutionäre Optimierungsverfahren und ihr Einsatz in der ökonomischen Forschung," Hannover Economic Papers (HEP) dp-195, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    3. Lucas, Robert E, Jr, 1986. "Adaptive Behavior and Economic Theory," The Journal of Business, University of Chicago Press, vol. 59(4), pages 401-426, October.
    4. Hayek, F. A., 2012. "New Studies in Philosophy, Politics, Economics, and the History of Ideas," University of Chicago Press Economics Books, University of Chicago Press, number 9780226321288.
    5. Bullard, James & Duffy, John, 1998. "A model of learning and emulation with artificial adaptive agents," Journal of Economic Dynamics and Control, Elsevier, pages 179-207.
    6. Birchenhall, Chris, 1995. "Modular Technical Change and Genetic Algorithms," Computational Economics, Springer;Society for Computational Economics, vol. 8(3), pages 233-253, August.
    7. Chris Birchenhall & Nikos Kastrinos & Stan Metcalfe, 1997. "Genetic algorithms in evolutionary modelling," Journal of Evolutionary Economics, Springer, pages 375-393.
    8. Andreoni James & Miller John H., 1995. "Auctions with Artificial Adaptive Agents," Games and Economic Behavior, Elsevier, vol. 10(1), pages 39-64, July.
    9. Riechmann, Thomas, 2001. "Genetic algorithm learning and evolutionary games," Journal of Economic Dynamics and Control, Elsevier, vol. 25(6-7), pages 1019-1037, June.
    10. Arifovic, Jasmina, 1996. "The Behavior of the Exchange Rate in the Genetic Algorithm and Experimental Economies," Journal of Political Economy, University of Chicago Press, vol. 104(3), pages 510-541, June.
    11. Blume, Lawrence E. & Easley, David, 1993. "Economic natural selection," Economics Letters, Elsevier, vol. 42(2-3), pages 281-289.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Constadina Passa & Anastasios Xepapadeas, 2008. "Modelling of Agricultural Behavior under the CAP Regime: Policy Effectiveness and Design," Working Papers 0819, University of Crete, Department of Economics.
    2. Esther Blanco & Javier Lozano, 2012. "Evolutionary success and failure of wildlife conservancy programs," Working Papers 2012-18, Faculty of Economics and Statistics, University of Innsbruck.
    3. Lozano, Javier & Blanco, Ester & Rey-Maquieira, Javier, 2010. "Can ecolabels survive in the long run?: The role of initial conditions," Ecological Economics, Elsevier, vol. 69(12), pages 2525-2534, October.
    4. Kallis, Giorgos & Norgaard, Richard B., 2010. "Coevolutionary ecological economics," Ecological Economics, Elsevier, vol. 69(4), pages 690-699, February.
    5. repec:eee:reecon:v:71:y:2017:i:2:p:236-253 is not listed on IDEAS
    6. Petrohilos-Andrianos, Yannis & Xepapadeas, Anastasios, 2017. "Resource harvesting regulation and enforcement: An evolutionary approach," Research in Economics, Elsevier, pages 236-253.
    7. Jeroen Bergh, 2007. "Evolutionary thinking in environmental economics," Journal of Evolutionary Economics, Springer, pages 521-549.
    8. Richter, Andries & van Soest, Daan & Grasman, Johan, 2013. "Contagious cooperation, temptation, and ecosystem collapse," Journal of Environmental Economics and Management, Elsevier, pages 141-158.
    9. Nannen, Volker & van den Bergh, Jeroen C. J. M. & Eiben, A. E., 2008. "Impact of Environmental Dynamics on Economic Evolution: Uncertainty, Risk Aversion, and Policy," MPRA Paper 13834, University Library of Munich, Germany.
    10. Constadina Passa & Anastasios Xepapadeas, 2008. "Modelling of Agricultural Behavior under the CAP Regime: Assessment of Environmental Impacts and Policy Effectiveness," Working Papers 0818, University of Crete, Department of Economics.
    11. Clemens Heuson, 2008. "Weitzman revisited: Emission standards vs. taxes with uncertain control costs and market power of polluting firms," Working Papers 044, Bavarian Graduate Program in Economics (BGPE).
    12. Jeroen C.J.M. van den Bergh, 2004. "Evolutionary Analysis of the Relationship between Economic Growth, Environmental Quality and Resource Scarcity," Tinbergen Institute Discussion Papers 04-048/3, Tinbergen Institute.
    13. Jeroen C.J.M. van den Bergh, 2007. "Evolutionary Thinking in Environmental Economics," Tinbergen Institute Discussion Papers 07-018/3, Tinbergen Institute.
    14. Torben Klarl, 2013. "Market dynamics, dynamic resource management and environmental policy in the context of (strong) sustainability," Journal of Evolutionary Economics, Springer, vol. 23(4), pages 861-888, September.
    15. Lamantia, F. & Radi, D., 2015. "Exploitation of renewable resources with differentiated technologies: An evolutionary analysis," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 108(C), pages 155-174.
    16. Angelo Antoci & Simone Borghesi & Gerardo Marletto, 2012. "To drive or not to drive? A simple evolutionary model," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2012(2), pages 31-47.
    17. Torben Klarl, 2008. "On the stability of equilibria in replicator dynamics modelling: an application in industrial dynamics considering resource constraints," Discussion Paper Series 298, Universitaet Augsburg, Institute for Economics.
    18. Gelcich, Stefan & Edwards-Jones, Gareth & Kaiser, Michel J., 2007. "Heterogeneity in fishers' harvesting decisions under a marine territorial user rights policy," Ecological Economics, Elsevier, vol. 61(2-3), pages 246-254, March.

    More about this item

    Keywords

    Key words: Evolutionary economics – Renewable resources – Common-property resource – Fishery; JEL Classification: B25; Q30;

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joevec:v:13:y:2003:i:2:p:183-200. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.