Dynamic and Comparative Static Analysis of Imperfectly Competitive International Fishery

A dynamic system for change of fish stock is formulated assuming that two asymmetric rival countries harvest fish from a common fishing ground and sell it in an imperfectly competitive market. The existence of a unique stable steady state is examined based on the dynamic system. Comparative static a...

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Bibliographic Details
Published in:Journal of economics (Vienna, Austria) Austria), 2003-11, Vol.80 (3), p.249-265
Main Author: Okuguchi, Koji
Format: Article
Language:English
Subjects:
Agricultural and food market
Commercial fishing
Common fisheries policy
Competition
Costs
Countries
Economic rent
Economic theory
Economics
Equilibrium
Fish
Fish culture
Fisheries
Fisheries management
Fishery economics
Fishery management
Fishing
Fishing grounds
Fishing rights
International economic relations
Perfect competition
Subsidies
Unit costs
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Summary:A dynamic system for change of fish stock is formulated assuming that two asymmetric rival countries harvest fish from a common fishing ground and sell it in an imperfectly competitive market. The existence of a unique stable steady state is examined based on the dynamic system. Comparative static analysis is conducted in relation to changes in national fishing management policies to explore, among other things, rent-shifting from one country to another.
ISSN:0931-8658
1617-7134
DOI:10.1007/s00712-003-0019-9