| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1007/BF01415673 |
| Resource leasing and optimal periodic capital investments. | |
| Novak A; Kaitala V; Feichtinger G | |
| 发表日期 | 1995 |
| 出处 | Zeitschrift fuer Operations Research 42 (1): 47-67 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | In this paper we analyse a fishery resource exploitation model in which a single firm or a cartel has leased the rights to manage the resources independently. Two variables, resource level and the capital level, determine the dynamics of the resource system. The leasing contract includes an incentive for the agent to maintain the resource level high. The main result is that sole-agent resource management and efficiency of the resource use do not necessarily imply that the fishery is stabilized at a unique steady state level. Instead, the optimal resource exploitation may lead to periodic capital investments in fishing vessels and gear which in turn causes cycles in the resource economy. We show analytically that nonzero discount rate and low capital depreciation rate both favor the conditions under which periodic optimal solutions may occur. Simulation results related to a Baltic herring fishery are used to illustrate the results. |
| 主题 | World Population (POP) |
| URL | http://pure.iiasa.ac.at/id/eprint/4258/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/127365 |
| 推荐引用方式 GB/T 7714 | Novak A,Kaitala V,Feichtinger G. Resource leasing and optimal periodic capital investments.. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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