SPATIAL COMPETITION IN OVERLAPPING SEASONAL FISHERIES: A BIOECONOMIC MODEL OF FISHERMEN AND REGULATORS
Joshua K. Abbott
No 20383, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper develops a single-season dynamic game between fishermen and regulators. Fishermen maximize the NPV of profits by their location choice in a system with congestion, adjustment costs, and adaptive, quota-driven, site closures. Simulation results reveal feedbacks between site-choice and closure decisions and suggest the usefulness of spatial policy instruments in reducing congestion externalities and costly congestion-averting expenditures.
Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20383
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