EconPapers    
Economics at your fingertips  
 

Dynamic modeling of pulse fishing: A game theoretic approach

George Halkos () and George Papageorgiou ()

No 1324, DEOS Working Papers from Athens University of Economics and Business

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 (search for similar items in EconPapers)
JEL-codes: C61 C62 Q32 (search for similar items in EconPapers)
Date: 2013-03-01
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://wpa.deos.aueb.gr/docs/Dynamic.modeling.of.pulse.fishing.pdf First version (application/pdf)

Related works:
Working Paper: Dynamic modeling of pulse fishing: A game theoretic approach (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:aue:wpaper:1324

Access Statistics for this paper

More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Series data maintained by Ekaterini Glynou ().

 
Page updated 2017-04-23
Handle: RePEc:aue:wpaper:1324