Abstract:
The existence and uniqueness of the equilibrium in international
fishing is first proved with nonlinear price and cost functions, and then a dynamic
model is formulated describing the long-term behavior of the fish stock. The
location of the steady state as well as its asymptotic properties largely depend
on the parameters of the biological growth law. A simple regression procedure is
suggested to determine their values based on the assumption that at each time
period the firms of each country behave as Cournot oligopolists.
