Resource Extraction under Heterogeneous Growth in Demand

We study the effect of heterogeneous growth in demand on resource extraction. Using the Great Fish War framework of Levhari and Mirman (1980), we show that heterogeneity in demand growth has a profound effect on both cooperative and non-cooperative solutions.

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Year of publication:	2014
Authors:	Masoudi, Nahid ; Santugini, Marc
Institutions:	Centre Interuniversitaire sur le Risque, les Politiques Économiques et l'Emploi (CIRPÉE)
Subject:	Common-pool resources \| Dynamic games \| Heterogeneous growth \| Strategic extraction \| Tragedy of the commons

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Classification:	Q20 - Renewable Resources and Conservation; Environmental Management. General ; C72 - Noncooperative Games ; C71 - Cooperative Games ; C73 - Stochastic and Dynamic Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010886742