Dynamic Programming Models of Fishing: Competition.

This article focuses on the study regarding the case of free-entry competition. It is natural to consider the stock of any renewable resource as a capital stock and treat the exploitation of that resource in much the same way as one would treat accumulation of a capital stock. Three issues which hav...

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Bibliographic Details

Published in:	American Economic Review Vol. 71; no. 4; pp. 649 - 662
Main Authors:	Levhari, David, Michener, Ron, Mirman, Leonard J.
Format:	Article
Published:	American Economic Association Sep81
Subjects:	Competition Dynamic programming Capital stock Stocks (Finance) Resource allocation Economics Prices Planning
Online Access:	View this record in EBSCOhost