hal.structure.identifier | | |
dc.contributor.author | Sumaila, Ussif Rashid | * |
hal.structure.identifier | | |
dc.contributor.author | Pareja, Claudio | * |
hal.structure.identifier | CEntre de REcherches en MAthématiques de la DEcision [CEREMADE] | |
dc.contributor.author | Ekeland, Ivar | * |
dc.date.accessioned | 2009-10-16T14:04:30Z | |
dc.date.available | 2009-10-16T14:04:30Z | |
dc.date.issued | 2009 | |
dc.identifier.uri | https://basepub.dauphine.fr/handle/123456789/2268 | |
dc.language.iso | en | en |
dc.subject | Generations | en |
dc.subject | Fish Stock Sustainability | en |
dc.subject | Discount rate | en |
dc.subject.ddc | 332 | en |
dc.subject.classificationjel | Q22 | en |
dc.subject.classificationjel | Q5 | en |
dc.title | Fisheries Management and Intergenerational Equity | en |
dc.type | Document de travail / Working paper | |
dc.description.abstracten | We adapt the classical Schaefer model of fisheries management to take into account
intergenerational equity, in the line of Sumaila ([18]) and Sumaila and Walters ([19]).
The resulting discount rate then is non-constant, and the planner’s preferences are time
inconsistent, so that optimal solutions are not implementable. In the line of Ekeland
and Lazrak ([6], [7]) we define Markov subgame perfect equilibria of the underlying
sequential game. We characterize equilibrium strategies by a simple relation, and we
reach a robust conclusion, namely that, to take into account intergenerational equity,
the rate of time preference, δ, should be replace by δ −n, where n is the rate of growth
of the human population. | en |
dc.publisher.name | Université Paris-Dauphine | |
dc.publisher.city | Paris | |
dc.identifier.citationpages | 26 | en |
dc.relation.ispartofseriestitle | Cahiers de la Chaire Finance et Développement Durable | en |
dc.relation.ispartofseriesnumber | 17 | en |
dc.description.sponsorshipprivate | oui | en |
dc.subject.ddclabel | Economie financière | en |
hal.author.function | aut | |
hal.author.function | aut | |
hal.author.function | aut | |