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Author: | Benchekroun, H. Long, N. van |
Title: | Transboundary fishery: a differential game model |
Journal: | Economica
2002 : MAY, VOL. 69:274, p. 207-221 |
Index terms: | EQUILIBRIUM ANALYSIS FISHING INDUSTRY GAMES |
Language: | eng |
Abstract: | The authors consider a differential game between two players, where one player has the first-mover advantage. They compare the equilibrium of this model with the one generated by a conventional symmetric model. The existence of a first mover results in more conservationist exploitation in the aggregate. The authors also consider the implication of departures from the equilibrium. |
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