Dynamic model of fishing: The relationship to conjectural variations
type: Item
instance of: scholarly article
title: Dynamic model of fishing: The relationship to conjectural variations
zbMATH Open document ID: 0626.90017
DOI: 10.1016/0095-0696(85)90002-6
author: David Levhari
author: Leonard J. Mirman
author: Morton I. Kamien
published in: Journal of Environmental Economics and Management
publication date: 1985-01-01T00:00:00Z
review text: The relationship between conjectural variations and market structure in the static and dynamic model of fishing is investigated. Four possible market structures are considered: free entry competition, perfect competition, monopoly and duopoly. It is shown that various assumptions on conjecture variations lead to different conclusions regarding market behaviour. The assumptions about the conjectural variations, which lead to a perfectly competitive solution, to monopoly, to open loop duopoly, or to closed loop duopoly, are presented.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B76
Mathematics Subject Classification ID: 91B24
zbMATH DE Number: 4018729
zbMATH Keywords: fishing
zbMATH Keywords: free entry competition
zbMATH Keywords: perfect competition
zbMATH Keywords: monopoly
zbMATH Keywords: duopoly
zbMATH Keywords: conjectural variations
reviewed by: Algimantas Slivinskas
MaRDI profile type: Publication
full work available at URL: 0095-0696(85)90002-6
OpenAlex ID: W1978065087
description: scientific article; zbMATH DE number 4018729