An Open-Access Fishery with Rational Expectations

DOI10.2307/1911500zbMath0544.90019OpenAlexW2222099510MaRDI QIDQ3335471

Jeffrey M. Perloff, Peter Berck

Publication date: 1984

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/42856/files/CUDARE%20187R%20Berck.pdf

zbMATH Keywords

rational expectationssteady stateperfect foresightmyopic expectationscompetitive renewable resource depletionopen-access fishery

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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