• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Norges Handelshøyskole
  • Department of Business and Management Science
  • Discussion papers (FOR)
  • Vis innførsel
  •   Hjem
  • Norges Handelshøyskole
  • Department of Business and Management Science
  • Discussion papers (FOR)
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Global warming and international fishery management : does anticipation of the temperature change matter?

Liu, Xiaozi; Heino, Mikko
Working paper
Thumbnail
Åpne
dpfor2010-19.pdf (448.5Kb)
Permanent lenke
http://hdl.handle.net/11250/164009
Utgivelsesdato
2010-12
Metadata
Vis full innførsel
Samlinger
  • Discussion papers (FOR) [514]
Sammendrag
This paper investigates the effects of climate-induced rising of ocean temperature on the optimal

fishing policies in a two players’ non-cooperative game setting. We compare reactive

management, under which the manager does not believe in or know about temperature trend,

with proactive management where the manager considers the future temperature change in his

decisions. We assume that the fish stock is initially solely owned by country one. As temperature

rises, the stock starts spilling over to the zone of the other country and eventually becomes under

its sole ownership. A stochastic dynamic programming model is developed to identify Nash

management strategies for the two players. The main findings are that anticipation of

temperature trend induces notable strategic interactions between two players. Knowing that it is gradually loosing the stock, country one is often harvesting more aggressively, whereas the country that is increasing its ownership harvests more conservatively. Compared to reactive

management, proactive management benefits both parties in terms of their cumulative pay-offs;

the biological stock is also larger much of the time. In most cases, the difference between two

management regimes is subtle, but when the stock is slow-growing and highly schooling, proactive management may save it from collapse.
Utgiver
Norwegian School of Economics and Business Administration. Department of Finance and Management Science
Serie
Discussion paper
2010:19

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit