Abstract
This paper studies a discrete-time game-theoretic model of bioresource management (fishery). Here players are countries or fishing firms that harvest the fish stock. The players differ in their time preferences and adopt different discount factors. Furthermore, the players have different planning horizons. The main goal is to construct the value function for the cooperative solution and to distribute the joint payoff among the players. We apply the recursive Nash bargaining solution to determine the cooperative behavior and payoffs of the players.
Similar content being viewed by others
References
Mazalov, V.V. and Rettiyeva, A.N., The Discrete-Time Bioresource Sharing Model, J. Appl. Math. Mech., 2011, vol. 75, no. 2, pp. 180–188.
Rettieva, A.N., Discrete-Time Bioresource Management Problem with Asymmetric Players, Autom. Remote Control, 2014, vol. 75, no. 9, pp. 1665–1676.
Rettieva, A.N., A Bioresource Management Problem with Asymmetric Players, Mat. Teor. Igr Prilozh., 2013, vol. 5, no. 3, pp. 72–87.
Breton, M. and Keoula, M.Y., A Great Fish War Model with Asymmetric Players, Ecolog. Econom., 2014, vol. 97, pp. 209–223.
Levhari, D. and Mirman, L.J., The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution, Bell J. Econom., 1980, vol. 11(1), pp. 322–334.
Marin-Solano, J. and Shevkoplyas, E.V., Non-constant Discounting and Differential Games with Random Time Horizon, Automatica, 2011, vol. 47, pp. 2626–2638.
Mazalov, V.V. and Rettieva, A.N., Fish Wars and Cooperation Maintenance, Ecolog. Modelling, 2010, vol. 221, pp. 1545–1553.
Mazalov, V.V. and Rettieva, A.N., Fish Wars with Many Players, Int. Game Theory Rev., 2010, vol. 12, no. 4, pp. 385–405.
Shevkoplyas, E.V., The Shapley Value in Cooperative Differential Games with Random Duration, Ann. Int. Soc. Dynamic Games, 2011, vol. 11, pp. 359–373.
Author information
Authors and Affiliations
Corresponding author
Additional information
Original Russian Text © A.N. Rettieva, 2014, published in Matematicheskaya Teoriya Igr i Priloszheniya, 2014, No. 3, pp. 54–75.
Rights and permissions
About this article
Cite this article
Rettieva, A.N. A bioresource management problem with different planning horizons. Autom Remote Control 76, 919–934 (2015). https://doi.org/10.1134/S0005117915050161
Received:
Published:
Issue Date:
DOI: https://doi.org/10.1134/S0005117915050161