Acta Biotheoretica 60 (1-2):209-223 (2012)

A two non-linear dynamic models, first one in two state variables and one control and the second one with three state variables and one control, are presented for the purpose of finding the optimal combination of exploitation, capital investment and price variation in the commercial fishing industry. This optimal combination is determined in terms of management policies. Exploitation, capital and price variation are controlled through the utilization rate of available capital. A novel feature in this model is that the variation of the capital depends on the income
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DOI 10.1007/s10441-012-9152-6
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