FUJIWARA, KENJI; LONG, NGO VAN - In: International Game Theory Review (IGTR) 14 (2012) 04, pp. 1240004-1
Constructing a dynamic game model of trade of an exhaustible resource, this paper compares feedback Nash and Stackelberg equilibria. We consider two different leadership scenarios: leadership by the importing country, and leadership by the exporting country. We numerically show that as compared...