A game theoretical partially cooperative model of international fishing with time delay (Q1433617): Difference between revisions

The authors examine international fishing based on the theory of dynamic oligopolies. Partial cooperation of the fishing countries is assumed. First the equilibrium at each time period is determined and then the asymptotic behaviour of the equilibrium is examined under the additional assumption that there is time lag in obtaining and implementing information on the available fish stock. Moreover, the theoretical results are illustrated by simple numerical examples.