Fishing as a supergame

Article Abstract:

The problem of deriving a cooperative solution for a number of agents sharing a fish stock is examined using a repeated game of infinite duration. Analysis shows the number of agents setting the rate of exploitation of stocks to be limited and sensitive to cost heterogeneity and the discount rate for mobile fish stocks. However, with migrating stocks within separate zones, the number of agents with a self-enforcing equilibrium is increased.

Author: Hannesson, Rognvaldur
Econometrics & Model Building, Research, Economic aspects, Econometrics, Fishing, Fishing (Recreation), Game theory, Cooperation (Economics), Cooperation, Business models

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Averting behavior and policy evaluation

Article Abstract:

A study is presented in which information needed for evaluation of policies is compared with information which is shown by averting behaviour. The discussion includes tests for a spanning set of opportunities, an evaluation of the situation in the absence of such a set, and problems rising from implementation.

Author: Bresnahan, Brian W., Dickie, Mark
Management, Evaluation, Environmental policy, Environmental policy research, Environmental economics

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Subjects list: Models
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