TY - CHAP
T1 - Measure-valued solutions to a harvesting game with several players
AU - Bressan, Alberto
AU - Shen, Wen
N1 - Publisher Copyright:
© Springer Science+Business Media, LLC 2011.
PY - 2011
Y1 - 2011
N2 - We consider Nash equilibrium solutions to a harvesting game in one-space dimension. At the equilibrium configuration, the population density is described by a second-order O.D.E. accounting for diffusion, reproduction, and harvesting. The optimization problem corresponds to a cost functional having sublinear growth, and the solutions in general can be found only within a space of measures. In this chapter, we derive necessary conditions for optimality, and provide an example where the optimal harvesting rate is indeed measure valued. We then consider the case of many players, each with the same payoff. As the number of players approaches infinity, we show that the population density approaches a well-defined limit, characterized as the solution of a variational inequality. In the last section, we consider the problem of optimally designing a marine park, where no harvesting is allowed, so that the total catch is maximized.
AB - We consider Nash equilibrium solutions to a harvesting game in one-space dimension. At the equilibrium configuration, the population density is described by a second-order O.D.E. accounting for diffusion, reproduction, and harvesting. The optimization problem corresponds to a cost functional having sublinear growth, and the solutions in general can be found only within a space of measures. In this chapter, we derive necessary conditions for optimality, and provide an example where the optimal harvesting rate is indeed measure valued. We then consider the case of many players, each with the same payoff. As the number of players approaches infinity, we show that the population density approaches a well-defined limit, characterized as the solution of a variational inequality. In the last section, we consider the problem of optimally designing a marine park, where no harvesting is allowed, so that the total catch is maximized.
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U2 - 10.1007/978-0-8176-8089-3_20
DO - 10.1007/978-0-8176-8089-3_20
M3 - Chapter
AN - SCOPUS:84879619926
T3 - Annals of the International Society of Dynamic Games
SP - 399
EP - 423
BT - Annals of the International Society of Dynamic Games
PB - Birkhauser
ER -