Robust Control of a Spatially Distributed Commercial Fishery

William Brock, Anastasios Xepapadeas and Athanasios. N. Yannacopoulos
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Athanasios. N. Yannacopoulos: Department of Statistics, Athens University of Economics and Business

No 2013.11, Working Papers from Fondazione Eni Enrico Mattei

Abstract: We consider a robust control model for a spatially distributed commercial fishery under uncertainty, and in particular a tracking problem, i.e. the problem of robust stabilization of a chosen deterministic benchmark state in the presence of model uncertainty. The problem is expressed in the form of a stochastic linear quadratic robust optimal control problem, which is solved analytically. We focus on the emergence of breakdown from the robust stabilization policy, called hot spots, and comment upon their significance concerning the spatiotemporal behaviour of the system.

Keywords: Spatiotemporal Dynamics; Model Uncertainty; Robust Control; Fishery (search for similar items in EconPapers)
JEL-codes: C6 D81 Q22 R12 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-geo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Chapter: Robust Control of a Spatially Distributed Commercial Fishery (2014)
Working Paper: Robust Control of a Spatially Distributed Commercial Fishery (2013)
Working Paper: Robust Control of a Spatially Distributed Commercial Fishery (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2013.11

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