• Greed is good: from super-harvest to recovery in a stochastic predator-prey system 

      Ni, Yuanming; Sandal, Leif K.; Kvamsdal, Sturla F.; Poudel, Diwakar (Discussion paper;5/19, Working paper, 2019-09-04)
      This paper demonstrates a predator-prey system of cod and capelin that confronts a possible scenario of prey extinction under the first-best policy in a stochastic world. We discover a novel ‘super-harvest’ phenomenon that ...
    • Long-term sustainable and optimal management of multispecies stochastic fisheries 

      Poudel, Diwakar; Sandal, Leif Kristoffer; Steinshamn, Stein Ivar; Kvamsdal, Sturla Furunes (Working papers;01/14, Working paper, 2014-02)
      Multispecies fisheries management is the first step towards ecosystem-based fisheries management. Multispecies management accounts for a number of species and their physical, biological, and economic interactions. These ...