Feedback Nash equilibria in a problem of optimal fishery management (Q910330)
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scientific article; zbMATH DE number 4139450
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| English | Feedback Nash equilibria in a problem of optimal fishery management |
scientific article; zbMATH DE number 4139450 |
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Feedback Nash equilibria in a problem of optimal fishery management (English)
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1990
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Considered is a single species 2-player fishery game, with logistic population growth (renewable resource), with convex harvest rates in effort and utilities. Nash equilibrium controls (closed-loop), over an infinite horizon, are determined and a comparison with the two optimal control solutions is made. Myopic open-loop finite horizon equilibria with low final states of resource are determined and the partial derivatives of the utility functions are discussed.
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fishery game
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Nash equilibrium controls
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infinite horizon
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Myopic open- loop finite horizon equilibria
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0.89581746
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0.89403856
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0.8896096
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0.8865857
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0.8819897
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0.8817179
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