An Open-Access Fishery with Rational Expectations
From MaRDI portal
Publication:3335471
DOI10.2307/1911500zbMath0544.90019MaRDI 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
rational expectations; steady state; perfect foresight; myopic expectations; competitive renewable resource depletion; open-access fishery
91B62: Economic growth models
91B76: Environmental economics (natural resource models, harvesting, pollution, etc.)
Related Items
MANAGING ECOLOGICALLY INTERDEPENDENT SPECIES, NATURAL RESOURCE EXPLOITATION UNDER COMMON PROPERTY RIGHTS, Unnamed Item, Competitive versus efficient extraction of a common property resource: The groundwater case, Poverty trap and global indeterminacy in a growth model with open-access natural resources, Optimal harvesting of stochastic spatial resources, A qualitative dynamical modelling approach to capital accumulation in unregulated fisheries, Entry and empirical demand and supply analysis for competitive industries, Inefficiency of credible strategies in oligopolistic resource markets with uncertainty, On the attainment of the maximum sustainable yield in the Verhulst-Lotka-Volterra model, Managing the tragedy of commons and polluting emissions: a unified view
