Stochastic differential game model of a common property fishery

DOI10.1007/BF02190004zbMath0866.90045OpenAlexW2076558566MaRDI QIDQ2565019

Steffen Jørgensen, David W. K. Yeung

Publication date: 7 January 1997

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf02190004

zbMATH Keywords

Hamilton-Jacobi-Bellman equationssensitivity analysesfeedback Nash equilibriumMarkov strategiesstochastic differentialcommon-property commercial fisheryrenewable natural resoures

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Economic growth models (91B62) Stochastic games, stochastic differential games (91A15) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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• Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games
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• Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games

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