| Authors |
Halkos, G. and Papageorgiou, G. |
| Title |
Dynamic modeling of pulse fishing: A game theoretic approach |
| Abstract |
This 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 two�state 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 equipment�s usage. |
| Keywords |
Renewable resources; exploitation of natural resources; optimal control; differential games |
| Classification JEL |
C61; C62; Q32 |
| File |
Dynamic.modeling.of.pulse.fishing.pdf (465859 bytes) |
| File-Function |
First version |
|
Copyright © 2009 [D.I.E.S.S. A.U.E.B.]. All rights reserved.
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