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Feedback Nash equilibria in a problem of optimal fishery management (1990)

Jørgensen, S. ; Sorger, G.

Springer

Journal of optimization theory and applications 64 (1990), S. 293-310

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ISSN: 1573-2878

Keywords: Differential games ; feedback Nash equilibria ; renewable resources ; common-property fishery

Source: Springer Online Journal Archives 1860-2000

Topics: Mathematics

Notes: Abstract The paper deals with a problem of optimal management of a common-property fishery, modelled as a two-player differential game. Under nonclassical assumptions on harvest rates and utilities, a feedback Nash equilibrium is determined, using a bionomic equilibrium concept. Later on, this assumption is relaxed and a feedback Nash equilibrium is established under minimal hypotheses.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1007/BF00939450

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