A Viability Analysis for a Stock/Price Model

被引:0
|
作者
Jerry, Chakib [1 ]
Raissi, Nadia [2 ]
机构
[1] Univ Moulay Ismail, Dept Econ, Fac Sci Jurid Econ & Sociales, BP 3102 Toulal, Meknes, Morocco
[2] Mohammed V Agdal Univ, Dept Math, Fac Sci, Rabat, Morocco
关键词
Fisheries management; Fishing effort; Demand function; Endogenous price; Viability kernel; FISHERIES; RESOURCE; MANAGEMENT; UNCERTAINTY;
D O I
10.1063/1.4756404
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
We examine the conditions for the sustainability of a stock/price system based on the use of a marine renewable resource. Instead of studying the environmental and economic interactions in terms of optimal control, we focus on the viability of the system. These viability/crisis situations are defined by a set of economic state constraints. This constraints combine a guaranteed consumption and a minimum income for fishermen. Using the mathematical concept of viability kernel, we reveal that with only economics constraints we guarantee a perennial stock/price system.
引用
收藏
页码:1343 / 1349
页数:7
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