search query: @author Laukkanen, M. / total: 5
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| Author: | Laukkanen, M. |
| Title: | Cooperative and non-cooperative harvesting in a stochastic sequential fishery |
| Journal: | Journal of Environmental Economics and Management
2003 : MAR, VOL. 45:2S, p. 454-473 |
| Index terms: | FISHING INDUSTRY MANAGEMENT RESOURCE ALLOCATION GAMES |
| Language: | eng |
| Abstract: | The authors examine cooperative harvesting in a sequential fishery with stochastic shocks in recruitment. Two fleets harvest in a stochastic interception fishery. The authors analyze cooperative management as a non- cooperative game, where deviations from cooperative harvesting are deterred by the threat of harvesting at non- cooperative levels for a fixed number of periods whenever the initial stock falls below a trigger level. The authors illustrate the sequential harvesting game with an application to the Northern Baltic salmon fishery. Cooperative harvesting yields participants substantial gains in terms of expected payoffs. The greatest gains accrue to the fleet harvesting the spawning stock, the actions of which are not observed by the competitor. |
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