This paper revisits the Tragedy of the Commons - a Pareto-dominated overuse of a common resource - through the lenses … outcomes differing only on things out of control, Stoic agents are shown not to overuse the common resource. Alternatively …

This paper revisits the Tragedy of the Commons - a Pareto-dominated overuse of a common resource - through the lenses … outcomes differing only on things out of control, Stoic agents are shown not to overuse the common resource. Alternatively …

This paper develops a general model of common resource extraction where we introduce payments for environmental …

We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non …