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Aggregate Game and International Fishery with Several Countries

In: Operations Research Proceedings 2005

Author

Listed:
  • Koji Okuguchi

    (Gifu Shotoku Gakuen University)

Abstract

3. Conclusion In this paper we have been able to derive the closed loop solution for international fishery with several countries engaged in fishing to maximize their total discounted utilities over finite fishing periods. Our international fishery model is a generalized version of the well known model of international fish war between two countries. Recognizing that at each stage of maximization, the equilibrium conditions are those of aggregate games, we have derived rather easily the optimal harvesting rates for the first period for any length of harvesting periods, which enables us to determine the optimal harvesting rates for all subsequent periods.

Suggested Citation

  • Koji Okuguchi, 2006. "Aggregate Game and International Fishery with Several Countries," Operations Research Proceedings, in: Hans-Dietrich Haasis & Herbert Kopfer & Jörn Schönberger (ed.), Operations Research Proceedings 2005, pages 461-466, Springer.
    • Handle: RePEc:spr:oprchp:978-3-540-32539-0_72
    DOI: 10.1007/3-540-32539-5_72
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    Cited by:

    1. Takeshi Yamazaki, 2016. "On the Works of Professor Koji Okuguchi," Springer Series in Game Theory, in: Pierre von Mouche & Federico Quartieri (ed.), Equilibrium Theory for Cournot Oligopolies and Related Games, pages 7-13, Springer.

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