Chappell, David; Dury, Karen; Straker, Christine - In: Journal of Economic Studies 19 (1992) September, pp. 43-47
Models Canada's Pacific halibut fishery as a non-zero-sun non-co-operative differential game. Optimal harvesting level are derived under the criterion of profit maximization. Show that optimal aggregate steady-state fishing effort and yield increase with the number of fishermen harvesting the...