descriptionPublicationkeyboard_double_arrow_right Article , Part of book or chapter of book 01 Jan 1984Publisher:JSTORJournal:International Economic Review, volume 25, page 85 (issn: 0020-6598,

Authors: Ngo Van Long; Murray C. Kemp; Carl Chiarella; Koji Okuguchi;

doi: 10.2307/2648869 , 10.1016/b978-0-444-86791-9.50015-0

On the Economics of International Fisheries

- Summary
- Subjects
- Metrics

Abstract

In the present paper, we construct a very general model of fishing and then state four sets of conditions under each of which there is a socially-optimal Nash equilibrium path, that is, a path along which commonality of access does not matter. By perturbing the conditions one can generate conclusions of traditional or non-traditional kind. Thus the conditions go some way to marking out the domain of the traditional view. The solution-concept is open-loop; that is, strategies are taken to be functions of time only.

Keywords

Environmental economics (natural resource models, harvesting, pollution, etc.), open-loop, socially-optimal Nash equilibrium path, renewable resource depletion, international fisheries

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	55
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average