Full instrumental rationality and perfect institutions are two cornerstone assumptions underlying neoclassical models. However, in the real world, these two assumptions never hold, especially not in developing countries. In this paper, we develop a game theoretical model to investigate if...

In order to analyze, understand and prescribe natural resource management strategies, the decision making framework should ideally capture the dynamics of inter-dependency between the economic and ecological systems in an integrated manner. However, by including two complex systems within a...