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Pulse Fishing and Stochastic Equilibrium in the Multicohort Fishery, Journal of Economic Dynamics and Control

Abstract

Pulse-fishing harvesting policies are shown to be optimal for a competitive firm managing a multicohort fishery subject to environmental disturbances. Selective harvesting and non-selective proportional harvesting policies are examined. It is shown that pulse-fishing implies convergence to a unique, invariant probability distribution on cohort biomass levels and environmental disturbances that is independent of the initial state of the system.

Type

Article

Author(s)

Daniel Spulber

Date Published

1983

Citations

Spulber, Daniel. 1983. Pulse Fishing and Stochastic Equilibrium in the Multicohort Fishery. Journal of Economic Dynamics and Control. 6(1): 309-332.

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