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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.
SCIMA record nr: 235140
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