The cournot-nash and cooperative solutions in the harvesting of a fish stock |
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| Authors: | Carl Chiarella Koji Okuguchi |
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| Institution: | (1) The New South Wales Institute of Technology, Broadway, P. O. Box 123, 2007 Sydney, Australia;(2) Tokyo Metropolitan University, 1-1-1 Yakumo, Meguro-ku, Tokyo, Japan |
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| Abstract: | The questions of optimal extinction and of market imperfections in the harvesting of a fish stock is analyzed using two different objective functions, one discounted utility of fish consumption and the other discounted profit, both over an infinite horizon. |
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