Hicks, Robert L.; Schnier, Kurt - Department of Economics, College of William & Mary - 2005
Recent work on spatial models of commercial fishing has provided insights into how spatial regulatory policies (i … models depict fishermen as if they are ignoring how a location choice on the first day of a cruise may have potentially … conventionally used in static models but is entrenched in the principals of dynamic optimization (BellmanÕs principle). Using Monte …