A qualitative dynamical modelling approach to capital accumulation in unregulated fisheries

Journal of Economic Dynamics and Control

Volumn 30, Issue 12, 2006, Pages 2613-2636

  Eisenack, K ^a   Welsch, H ^b   Kropp, J P ^a  

^a POTSDAM INSTITUTE FOR CLIMATE IMPACT RESEARCH   (Germany)

^b UNIVERSITY OF OLDENBURG   (Germany)

Author keywords

Bio economic model; Environmental management; Fishery management; Optimal control; Qualitative reasoning

Indexed keywords

EID: 33748966687     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2005.08.004     Document Type: Article

References (48)

1. Amundsen E.S., Bjørndal T., and Conrad J.M. Open access harvesting of the Northeast Atlantic minke whale. Environmental and Resource Economics 6 (1995) 167-185
2. Banks R. Subsidising EU fleets: capacity reduction or capital subsidisation. In: Hatcher A., and Robinson K. (Eds). Overcapacity, Overcapitalisation and Subsidies in European Fisheries. Cemare, Portsmouth (1999) 200-210
3. Benaroch M., and Dhar V. Controlling the complexity of investment decisions using qualitative reasoning techniques. Decision Support Systems 15 2 (1995) 115-131
4. Berck, P., Perloff, J.M., 1984. An open-access fishery with rational expectations. Econometrica (2), 489-506
5. Berleant D., and Kuipers B.J. Qualitative and quantitative simulation: bridging the gap. Artificial Intelligence 95 2 (1998) 215-255
6. Boyce J.R. Optimal capital accumulation in a fishery: a nonlinear irreversible investment model. Journal of Environmental Economics and Management 28 (1995) 324-339
7. Bredeweg B., and Salles P. Qualitative reasoning about population and community ecology. Artificial Intelligence 24 4 (2003) 77-90
8. Caputo M.R. The qualitative content of renewable resource models. Natural Resource Modeling 3 2 (1989) 241-259
9. Caputo M.R. The comparative dynamics of closed-loop controls for discounted infinite horizon optimal control problems. Journal of Economic Dynamics and Control 27 8 (2003) 1335-1365
10. Charles A. Sustainable Fishery Systems (2001), Blackwell, Oxford
11. Clark C.W. Renewable resources: fisheries. In: van den Bergh J.C.J.M. (Ed). Handbook of Environmental and Resource Economics (1999), Edward Elgar Publishers, Aldershot
12. Clark C.W., Clarke F.H., and Munro G.R. The optimal exploitation of renewable resource stocks: problems of irreversible investment. Econometrica 47 (1979) 25-47
13. Cropper M.L., Lee D.R., and Pannu S.S. The optimal extinction of a renewable natural resource. Journal of Environmental Economics and Management 6 (1979) 341-349
14. In: Dechter R. (Ed). Constraint Processing (2003), Morgan Kaufmann, San Mateo
15. de Kleer J., and Brown J.S. A qualitative physics based on confluences. Artificial Intelligence 24 (1984) 7-83
16. DFO, 2002. Fisheries and Oceans Canada. Department of Fisheries and Oceans (DFO), data available from: http://www.dfo-mpo.gc.ca/csas.
17. Eisenack K., and Kropp J.P. Assessment of management options in marine fisheries by qualitative modelling techniques. Marine Pollution Bulletin 43 7-12 (2001) 215-224
18. Eisenack, K., Scheffran, J., Kropp, J.P., 2005. Viability analysis of management frameworks for fisheries environmental modelling and assessment. Environmental Modelling and Assessment, in press, doi:10.1007/s10666-005-9018-2.
19. Erev I., and Roth A.E. Predicting how people play games: reinforcement learning in experimental games with unique, mixed strategy equilibria. The American Economic Review 88 4 (1998) 848-880
20. FAO (Ed.), 2004. The state of world fisheries and aquaculture 2004. FAO Fisheries Department Food and Agriculture Organization of the United Nations, Rome.
21. Farley A.M., and Lin K.-P. Qualitative reasoning in economics. Journal of Economic Dynamics and Control 14 (1990) 465-490
22. Forbus K. The qualitative process engine. In: Weld D.S., and de Kleer J. (Eds). Readings in Qualitative Reasoning about Physical Systems (1990), MK, San Mateo 220-235
23. Gordon H.S. The economic theory of a common property resource: the fishery. Journal of Political Economy 62 (1954) 124-142
24. Guerrin F., and Dumas J. Knowledge representation and qualitative simulation of salmon redd functioning. Part II: qualitative model of redds. Biosystems 59 2 (2001) 85-108
25. Harris M. The Lament for an Ocean: The Collapse of the Atlantic Cod Fishery, a True Crime Story (1998), McClelland & Stewart, Toronto
26. Hatcher A. Subsidies for European fishing fleets: the European Community's structural policy for the fishing industries 1971-1999. Marine Policy 24 2 (2000) 129-140
27. Heidtke K.R., and Schulze-Kremer S. Design and implementation of a qualitative simulation model of λ-phage infection. Bioinformatics 14 1 (1998) 81-91
28. Jackson J.B.C., Kirby M.X., Berger W.H., Bjørndal K.A., Botsford L.W., Bourque B.J., Bradbury R.H., Cooke R., Erlandson J., Estes J.A., Hughes T.P., Kidwell S., Lange C.B., Lenihan H.S., Pandolfi J.M., Peterson C.H., Steneck R.S., Tegner M.J., and Warner R.R. Historical overfishing and the recent collapse of coastal ecosystems. Science 293 5530 (2001) 629-638
29. Jørgensen J., and Kort P.M. Optimal investment and finance in renewable resource harvesting. Journal of Economics Dynamics and Control 21 (1997) 603-630
30. Juniora F.N., and Martin J.A. Heterogeneous control and qualitative supervision, application to a distillation column. Engineering Applications of Artificial Intelligence 13 (2000) 179-197
31. Knowler D. A review of selected bioeconomic models with environmental influences in fisheries. Journal of Bioeconomics 4 2 (2002) 163-181
32. Kropp J.P., Zickfeld K., and Eisenack K. Assessment and management of critical events: the breakdown of marine fisheries and the North Atlantic thermohaline circulation. In: Bunde A., Kropp J.P., and Schellnhuber H.J. (Eds). The Science of Disasters: Climate Disruptions, Heart Attacks, and Market Crashes (2002), Springer, Berlin 192-216
33. Kropp J.P., Eisenack K., and Scheffran J. Sustainable marine resource management: lessons from viability analysis. In: Path-Wostl C., Schmidt S., Rizzoli A.E., and Jakeman A.J. (Eds). Complexity and Integrated Resources Management, Trans. 2nd Biennial Meeting of the International Environmental Modelling and Software Society (2004), Manno, Switzerland 104-109
34. Kuipers B.J. Qualitative Reasoning: Modeling and Simulation with Incomplete Knowledge (1994), MIT Press, Cambridge
35. Mangasarian O.L. Sufficient conditions for the optimal control of nonlinear systems. SIAM Journal on Control 4 (1966) 139-152
36. McKelvey R. Decentralized regulation of a common property renewable resource industry with irreversible investment. Journal of Environmental Economics and Management 12 (1985) 287-307
37. McKelvey, R., 1986. Fur seal and blue whale: the bioeconomics of extinction. In: Cohen, M. (Ed.), Applications of Control Theory in Ecology. Lecture Notes in Biomathematics. Springer, Berlin, pp. 57-82.
38. Müller A. A flower in full blossom? Ecological economics at the crossroads between normal and post-normal science. Ecological Economics 45 (2003) 19-27
39. Munro G.R. The economics of overcapitalisation and fishery resource management: a review. In: Hatcher A., and Robinson K. (Eds). Overcapacity, Overcapitalisation and Subsidies in European Fisheries (1999), Cemare, Portsmouth 7-23
40. Myers R.A., and Worm B. Rapid worldwide depletion of predatory fish communities. Nature 423 (2003) 280-283
41. NAFO, 2002. Statistical Bulletin. Northwest Atlantic Fisheries Organization (NAFO), Dartmouth, data available from: http://www.nafo.ca/.
42. Pauly D., Christensen V., Guénette S., Pitcher T.J., Sumaila R., Walters C.J., Watson R., and Zeller D. Towards sustainability in world fisheries. Nature 418 (2002) 689-695
43. Petschel-Held G., and Lüdeke M.K.B. Integration of case studies by means of artificial intelligence. Integrated Assessment 2 3 (2001) 123-138
44. Pindyck, R.S., 1984. Uncertainty in the theory of renewable resource markets. Review of Economic Studies, 289-303.
45. Scheffran J. The dynamic interaction between economy and ecology - cooperation, stability and sustainability for a dynamic-game model of resource conflicts. Mathematics and Computers in Simulation 53 (2000) 371-380
46. Schellnhuber H.-J., Lüdeke M., and Petschel-Held G. The syndromes approach to scaling: describing global change on an intermediate functional scale. Integrated Assessment 3 2-3 (2002) 201-219
47. Trelease R., Henderson R., and Park J.B. A qualitative process system for modeling NF-κB and AP-1 gene regulation in immune cell biology research. Artificial Intelligence in Medicine 17 3 (1999) 303-321
48. In: Tsang E. (Ed). Foundations of Constraint Satisfaction (1993), Academic Press, London