Abstract
In another form of renewable resource depletion models, we use a biological predator–prey model with the economics of an optimal use path. We find that over the long run, the fishery rises and collapses repeatedly over the long term. We change the model to accommodate the concept of capital turnover costs.
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© 2012 Springer Science+Business Media, LLC
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Ruth, M., Hannon, B. (2012). Predator–Prey Models of Fisheries. In: Modeling Dynamic Economic Systems. Modeling Dynamic Systems. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-2209-9_27
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DOI: https://doi.org/10.1007/978-1-4614-2209-9_27
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