Dynamic model of fishing: The relationship to conjectural variations (Q581204)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Dynamic model of fishing: The relationship to conjectural variations |
scientific article |
Statements
Dynamic model of fishing: The relationship to conjectural variations (English)
0 references
1985
0 references
The relationship between conjectural variations and market structure in the static and dynamic model of fishing is investigated. Four possible market structures are considered: free entry competition, perfect competition, monopoly and duopoly. It is shown that various assumptions on conjecture variations lead to different conclusions regarding market behaviour. The assumptions about the conjectural variations, which lead to a perfectly competitive solution, to monopoly, to open loop duopoly, or to closed loop duopoly, are presented.
0 references
fishing
0 references
free entry competition
0 references
perfect competition
0 references
monopoly
0 references
duopoly
0 references
conjectural variations
0 references
