Environmental-economic system of bioresource use with asymmetric agents

Abstract

A discrete time game-theoretic model of an environmental-economic system is considered. Agents (firms or fishermen’s artel cooperatives) that exploit the fish stock on a finite planning horizon are the participants of the game. The agents have different exploitation times. The main goal of the paper is to construct the cooperative behavior of the participants and to apply the presented setup for wise use of aquatic bioresources of the Republic of Karelia.

Keywords

• bioresource management problem
• asymmetric players
• nash bargaining solution