often impossible to locate an actual threshold with certainty. If individuals are risk averse, the economic literature holds … that the presence of such uncertainty can have a positive impact by lowering incentives to over-consume. We point out that … representation of uncertainty is a discrete or multimodal distribution. Using a variant of the Nash demand game where the maximal …

-makers. Uncertainty about the threshold for sustainable use or number of resource users may exacerbate the overconsumption problem. We are … first to investigate the joint impact of threshold and group size uncertainty in this setting. Overall, we find that … threshold uncertainty increases the likelihood of the resource being destroyed and reduces earnings from it. Group size …

We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non … anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the … renewability induces the agents to extract less today while a risk of a deterioration in the quality has the opposite effect …

We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non … anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the … renewability induces the agents to extract less today while a risk of a deterioration in the quality has the opposite effect …

We study the impact of uncertainty on the strategies and dynamics of symmetric non-cooperative games among players who … exploit a non-excludable resource that reproduces under uncertainty. We focus on a particular class of games that deliver a … this example, we study cases where increases in risk amplify or mitigate the tragedy of the commons …