Optimal fishery policy: An equilibrium solution with irreversible investment

DOI10.1007/BF00276230zbMath0563.92015OpenAlexW2085234938WikidataQ113909110 ScholiaQ113909110MaRDI QIDQ1057798

Thomas C. Wainwright, Louis W. Botsford

Publication date: 1985

Published in: Journal of Mathematical Biology (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf00276230

zbMATH Keywords

equilibrium solutionoperating costsirreversible investmentage-specific modelsconstant policyfixed capital costsoptimal fishery policy

Mathematics Subject Classification ID

Dynamic programming (90C39) Population dynamics (general) (92D25) Existence of optimal solutions belonging to restricted classes (Lipschitz controls, bang-bang controls, etc.) (49J30) Ecology (92D40) Operations research and management science (90B99)

Cites Work

• Optimal fishery policy for size-specific, density-dependent population models
• The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment
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