Dynamic Regulation of Fisheries: the Case of the Bowhead Whale
The regulation of fisheries often requires finding numerical solutions to dynamic optimization problems. This paper presents a version of the "multiple shooting" algorithm and uses it to approximate the dynamic solution to a fisheries problem examined by Conrad (1989): the hunting of the B...
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| Format: | Article in Journal/Newspaper |
| Language: | English |
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1993
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| Online Access: | http://purl.umn.edu/48814 |
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ftagecon:oai:ageconsearch.umn.edu:48814 2023-05-15T14:58:18+02:00 Dynamic Regulation of Fisheries: the Case of the Bowhead Whale Dow, James P., Jr. 1993 10 http://purl.umn.edu/48814 en eng Marine Resource Economics>Volume 08, Number 2, 1993 http://purl.umn.edu/48814 Bowhead whale multiple shooting numerical methods regulation of fisheries Environmental Economics and Policy Journal Article 1993 ftagecon 2012-09-12T16:31:31Z The regulation of fisheries often requires finding numerical solutions to dynamic optimization problems. This paper presents a version of the "multiple shooting" algorithm and uses it to approximate the dynamic solution to a fisheries problem examined by Conrad (1989): the hunting of the Bowhead whale in the Western Arctic. It is found that the inclusion of dynamic considerations can significantly alter the nature of the policy if the regulated population is not near its steady state. Article in Journal/Newspaper Arctic bowhead whale AgEcon Search - Research in Agricultural & Applied Economics Arctic |
| institution |
Open Polar |
| collection |
AgEcon Search - Research in Agricultural & Applied Economics |
| op_collection_id |
ftagecon |
| language |
English |
| topic |
Bowhead whale multiple shooting numerical methods regulation of fisheries Environmental Economics and Policy |
| spellingShingle |
Bowhead whale multiple shooting numerical methods regulation of fisheries Environmental Economics and Policy Dow, James P., Jr. Dynamic Regulation of Fisheries: the Case of the Bowhead Whale |
| topic_facet |
Bowhead whale multiple shooting numerical methods regulation of fisheries Environmental Economics and Policy |
| description |
The regulation of fisheries often requires finding numerical solutions to dynamic optimization problems. This paper presents a version of the "multiple shooting" algorithm and uses it to approximate the dynamic solution to a fisheries problem examined by Conrad (1989): the hunting of the Bowhead whale in the Western Arctic. It is found that the inclusion of dynamic considerations can significantly alter the nature of the policy if the regulated population is not near its steady state. |
| format |
Article in Journal/Newspaper |
| author |
Dow, James P., Jr. |
| author_facet |
Dow, James P., Jr. |
| author_sort |
Dow, James P., Jr. |
| title |
Dynamic Regulation of Fisheries: the Case of the Bowhead Whale |
| title_short |
Dynamic Regulation of Fisheries: the Case of the Bowhead Whale |
| title_full |
Dynamic Regulation of Fisheries: the Case of the Bowhead Whale |
| title_fullStr |
Dynamic Regulation of Fisheries: the Case of the Bowhead Whale |
| title_full_unstemmed |
Dynamic Regulation of Fisheries: the Case of the Bowhead Whale |
| title_sort |
dynamic regulation of fisheries: the case of the bowhead whale |
| publishDate |
1993 |
| url |
http://purl.umn.edu/48814 |
| geographic |
Arctic |
| geographic_facet |
Arctic |
| genre |
Arctic bowhead whale |
| genre_facet |
Arctic bowhead whale |
| op_relation |
Marine Resource Economics>Volume 08, Number 2, 1993 http://purl.umn.edu/48814 |
| _version_ |
1766330383784214528 |