Addendum to "A generalized Nash equilibrium for a bio-economic problem of fishing"

Abstract

In [1] the authors have set up a bio-economic equilibrium model to understand the interactions between three fish populations and seek to maximize the profits of fishermen. The authors then studied the existence of stationary states and their stability using eigenvalue analysis. This is not correct in a dimension 3.In this paper, we correct the proof which appeared in page 190 in [1] by using Routh Hurwitz stability Criterion.

Keywords

• steady state
• stability study
• variational matrix
• routh hurwitz stability criterion