Punt261ppt.pdf

Conference Proceedings Or Journal

Público Deposited

Citeable URL: https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/ks65hf43j

Descriptions

Attribute Name	Values
Creator	Punt, Maarten
Abstract	When climate change alters the distribution of fish stocks, stocks that were previously owned by a single country can suddenly become shared between countries. Current models predict that in such cases, if no agreement on management is formed, stocks may be severely depleted. A similar problem arises when a new member to an international fishing agreement emerges. However such models ignore the strategic importance of sunk costs. Countries moving into new fisheries will typically have to incur sunk costs to invest in a new fleet, or to retrofit an existing fleet. I develop a dynamic discrete time game to show the important consequences of these sunk costs.
Declaración de derechos	Copyright Not Evaluated

Parents:

Miniatura	Título	Fecha de subida	Visibilidad	Acciones
	Punt261ppt.pdf	2017-07-28	Público	Descargar