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Game Theory and Fisheries - Essays on the Tragedy of Free for All Fishing (Hardcover, New)
Loot Price: R4,290
Discovery Miles 42 900
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Game Theory and Fisheries - Essays on the Tragedy of Free for All Fishing (Hardcover, New)
Series: Routledge Explorations in Environmental Economics
Expected to ship within 12 - 17 working days
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Today, there is a growing sense of urgency among fisheries
scientists regarding the management of fish stocks, particularly
among those who predict the imminent collapse of the fishing
industry due to stock depletion. This book takes a game theoretic
approach to discussing potential solutions to the problem of fish
stock depletion. Acknowledging the classification of fish stocks as
destructible renewable resources, these essays are concerned with
the question of how much of the stock should be consumed today and
how much should be left in place for the future. The book targets
both economists and students of economics who are familiar with the
tools of their trade but not necessarily familiar with game theory
in the context of fisheries management. Importantly, the goal is
not to give a summary evaluation of the current views of the
'appropriate' response to immediate policy questions, but rather to
describe the ways in which the problems at hand can be productively
formulated and approached using game theory and couched on real
world fisheries. Game Theory and Fisheries consists of twelve
previously published but updated articles in fisheries management,
a number of which address a gap in the fisheries literature by
modelling and analysing the exploitation of fishery resources in a
two-agent fishery, in both cooperative and non-cooperative
environments. The author's work ultimately illustrates that the
analysis of strategic interaction between those with access to
shared fishery resources will be incomplete without the use of game
theory.
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