Poudel, Diwakar; Sandal, Leif K.; Kvamsdal, Sturla F. - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2012
In commercial fisheries, stock collapse is an intrinsic problem caused by overexploitation or due to pure stochasticity. To analyze the risk of stock collapse, we apply a relatively simple Monte Carlo approach which can capture complex stock dynamics. We use an economic model with downward...