Internal Prices and Optimal Exploitation of Natural Resources

Autor: Vitaly G. Il’ichev, Dmitry B. Rokhlin
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Mathematics, Vol 10, Iss 11, p 1860 (2022)
Druh dokumentu: article
ISSN: 2227-7390
DOI: 10.3390/math10111860
Popis: Within the framework of traditional fishery management, we propose an interpretation of natural resource prices. It leads to an economic taxation mechanism based on internal prices and reduces a complex problem of optimal long-term exploitation to a sequence of one-year optimization problems. Internal prices obey natural, economic patterns: the increase in resource amount diminishes taxes, and the rise in the number of “fishers” raises taxes. These taxes stimulate cooperative agent behavior. We consider new problems of optimal fishing, taking into account an adaptive migration of the fish population in two regions. To analyze these problems, we use evolutionary ecology models. We propose a paradoxical method to increase the catch yield through the so-called fish “luring” procedure. In this case, a kind of “giveaway” game occurs, where the region with underfishing becomes more attractive for fish and for catches in the future.
Databáze: Directory of Open Access Journals
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