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We combine and extend two existing lines of research in game theoretic studies of fisheries. The first line of research is the inclusion of the aspect of predation and the consideration of multi-species fisheries within classical game theoretic models of fisheries and goes back to Quirk and...
Persistent link: https://www.econbiz.de/10014047570
Lake Victoria, globally the second-largest freshwater Lake by surface area, houses an artisanal Nile Perch Fishery that directly involves around 200K people. While the 10 whole Lake surface is potentially available to fishing activities, the fishing vessels' operational and technical...
Persistent link: https://www.econbiz.de/10013162341
William Forster Lloyd's 1833 sketch about poor cattle on the commons and the well-fed animals on the adjacent enclosures published in his "Two lectures on the checks to population" has hitherto been assessed as one starting point of the economics of renewable resources. In the 20th century the...
Persistent link: https://www.econbiz.de/10010252203
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...
Persistent link: https://www.econbiz.de/10011287058
In many spatial resource models it is assumed that the agent is able to determine the harvesting activity over the complete spatial domain. However, agents frequently have only access to a resource at particular locations at which the moving biomass, such as fish or game, may be caught or...
Persistent link: https://www.econbiz.de/10011522144
In standard models of spatial harvesting, the resource is distributed over the complete domain and the agent is able to control the harvesting activity everywhere all the time. In some cases though, it is more realistic to assume that the resource is located at a single point in space and that...
Persistent link: https://www.econbiz.de/10012930805
The paper examines how an easy-to-apply optimal feedback rule can be used to solve for optimal levels of exploitation of a renewable resource. Using data from Canada's northern cod fishery, the optimal feedback rule is used to derive optimal levels of exploitation for the years 1962-91 under...
Persistent link: https://www.econbiz.de/10014151380
A system can undergo rapid regime shift in which the growth of natural resources suddenly and permanently declines. We examine how the threat of such a shift alters the strategic management of a common pool renewable resource. We consider exogenous and endogenous threats and examine their...
Persistent link: https://www.econbiz.de/10014110276
A key challenge in managing semi-arid Basins, such as in the Murray-Darling in Australia, is to balance the trade-offs between the net benefits of allocating water for irrigated agriculture, and other uses, versus the costs of reduced surface flows for the environment. Typically, water planners...
Persistent link: https://www.econbiz.de/10014178143
The Institutional Analysis and Development (IAD) literature finds that Nash equilibrium predictions are empirically falsified in the social dilemmas that arise in community-level natural resource management problems. However, Nash equilibrium is not the only solution concept within...
Persistent link: https://www.econbiz.de/10012920720