The Jamaican fishing study reinterpreted

✍ Scribed by Michael Walker

• Book ID: 104635045
• Publisher: Springer US
• Year: 1977
• Tongue: English
• Weight: 347 KB
• Volume: 8
• Category: Article
• ISSN: 0040-5833
• DOI: 10.1007/bf00133445

✦ Synopsis

Tile data obtained in the Jamaican fishing study (Davenport, 1960) and the analysis imposed are reconsidered. The assumptions of both the game theory approach and a Bayesian analysis (Kozelka, 1969) are criticised and an alternative market model is presented. It is shown that if fish prices fluctuate according to a simple model of supply and demand then the strategic behaviour of the fishing captains can be explained.