Noncooperative solutions for a differential game model of fishery
type: Item
instance of: scholarly article
title: Noncooperative solutions for a differential game model of fishery
zbMATH Open document ID: 0657.90033
DOI: 10.1016/0165-1889(89)90008-0
author: Gustav Feichtinger
author: Alexander Mehlmann
author: Engelbert J. Dockner
publication date: 1989-01-01T00:00:00Z
review text: A generalization of Gordon-Schaefer's fishery resource model to a duopoly is presented. The resulting noncooperative game is solved analytically as well as numerically by using the equilibrium concepts of Nash and Stackelberg. It turns out that in both cases the player with the smaller unit costs is able to choose a higher catch rate than his opponent. Furthermore it is shown that the game is Stackelberg-dominant. In the Stackelberg case any information disadvantage in the sense of Stackelberg followership can be eliminated by a more efficient technology.
Mathematics Subject Classification ID: 91B76
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91A23
Mathematics Subject Classification ID: 91A40
Mathematics Subject Classification ID: 91B24
Mathematics Subject Classification ID: 92D25
zbMATH DE Number: 4074778
zbMATH Keywords: Nash equilibrium
zbMATH Keywords: Stackelberg equilibrium
zbMATH Keywords: fishery resource model
zbMATH Keywords: duopoly
zbMATH Keywords: noncooperative game
MaRDI profile type: Publication
full work available at URL: 0165-1889(89)90008-0
OpenAlex ID: W1972480822
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Wikidata QID: Q128122786
published in: Journal of Economic Dynamics and Control
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description: scientific article; zbMATH DE number 4074778