Abstract

In this paper we consider a model for the harvesting of marine resources, described by an elliptic equation. Since the cost functionals have sublinear growth with respect to the pointwise intensity of fishing effort, optimal solutions are in general measure-valued. For the control problem in one space dimension, we prove the existence of optimal strategies. Uniqueness is established within a class of measures with small total mass. We also study the differential game, modeling the presence of several competing fishing companies, and prove the existence of a Nash equilibrium solution. This is obtained as a fixed point of a continuous transformation in a space of positive Radon measures.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call