کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
959415 | 929244 | 2006 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Regime switching in a fishery with stochastic stock and price
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Regime switching in a fishery with stochastic stock and price Regime switching in a fishery with stochastic stock and price](/preview/png/959415.png)
چکیده انگلیسی
A bioeconomic model of a fishery subject to stock uncertainty and price uncertainty is developed. With a linear control model, the optimal harvest policy is a bang–bang approach to the optimal stock level, where one harvests either at minimum or full capacity. It is assumed that changing the harvest rate is subject to a switching cost. In this case it is shown that there are two switching curves in stock-price space, one for entering and one for leaving the fishery. Numerical methods are used to characterise the optimal switching policy for the fishery.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Environmental Economics and Management - Volume 51, Issue 2, March 2006, Pages 231–241
Journal: Journal of Environmental Economics and Management - Volume 51, Issue 2, March 2006, Pages 231–241
نویسندگان
Linda Nøstbakken,