Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72983
Authors: 
Brock, William A.
Xepapadeas, Anastasios
Yannacopoulos, Athanasios N.
Year of Publication: 
2013
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 11.2013
Abstract: 
We consider a robust control model for a spatially distributed commercial fishery under uncertainty, and in particular a tracking problem, i.e. the problem of robust stabilization of a chosen deterministic benchmark state in the presence of model uncertainty. The problem is expressed in the form of a stochastic linear quadratic robust optimal control problem, which is solved analytically. We focus on the emergence of breakdown from the robust stabilization policy, called hot spots, and comment upon their significance concerning the spatiotemporal behaviour of the system.
Subjects: 
spatiotemporal dynamics
model uncertainty
robust control
fishery
JEL: 
D81
R12
Q22
C6
Document Type: 
Working Paper

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