This paper develops a model for Namibian hake, which incorporates the biology, gear selectivity and the economics of the hake fisheries in a framework that allows the analysis of fishing gear impacts on the potential economic gains from the resource. The objective is to produce quantitative...

This note reviews the game theoretic literature with the aim of highlighting the similarities and dissimilarities between what we term traditional game theory and evolutionary game theory. The focus is on the contributions of evolutionary game theory to the body of knowledge at the disposal of...

We study a two-player, zero-sum, stochastic game with incomplete information on one side in which the players are allowed to play more and more frequently. The informed player observes the realization of a Markov chain on which the payoffs depend, while the non-informed player only observes his...

The competitive equilibrium correspondence, which associates equilibrium prices of commodities and assets with allocations of endowments, identifies the preferences and beliefs of individuals under uncertainty; this is the case even if the asset market is incomplete.