Valuing Satellite Systems to Support Fishing in a Dynamic Competitive Model

Carole Haritchabalet () and Fabrice Collard
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Carole Haritchabalet: GREMAQ - Groupe de recherche en économie mathématique et quantitative - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper investigates the technology adoption decision of a new satellite system aimed at locating tuna shoals. We propose a dynamic imperfect competition model with vertical differentiation in which each firm acts as a Cournot oligopolist and takes the evolution of the natural resource into account. In this dynamic setting, the model cannot be solved analytically and we rely on a numerical approach. Results are derived for the northern bluefin tuna. We find that high quality firms value more the technology than low quality firms. A direct implication of this result is that the market value of the new technology can be maximized while serving only the highest quality firms. We then evaluate how individual quotas can be used to increase the value that firms attach to the technology.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-02-10
Note: View the original document on HAL open archive server: https://hal.science/hal-00668582v1
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Published in Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2010.526581⟩

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Related works:
Journal Article: Valuing satellite systems to support fishing in a dynamic competitive model (2012)
Working Paper: Valuing satellite systems to support fishing in a dynamic competitive model (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00668582

DOI: 10.1080/00036846.2010.526581

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