Optimal Exploitation of Migratory Fish Stocks: The Multiple Species Case

  • Ngo Van Long
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)


Most economic studies of the exploitation of renewable resources focus on the single species case. Among the few exceptions are the recent contributions by Hannesson (1983), Falk (1985), Conrad and Adu-Asamoha (1986), Ragozin and Brown (1985), Flaaten (1988) and Tu (1988). For the predator-prey case, the typical approach has been to assume that cost functions are linear in effort, resulting in bang-bang and singular controls.1


Closed Orbit Shadow Price Interior Equilibrium Harvest Rate Optimal Exploitation 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1991

Authors and Affiliations

  • Ngo Van Long
    • 1
  1. 1.Department of EconomicsMcGill UniversityCanada

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