A system can undergo rapid regime shift in which the growth of natural resources suddenly and permanently declines. We examine how the threat of such a shift alters the strategic management of a common pool renewable resource. We consider exogenous and endogenous threats and examine their...

This note analyzes in a fishery management problem the effects of relaxing one of the usual assumptions in the literature of dynamic games. Specifically, the assumption that players restrict to strategies that stabilize the system. Previous works in the literature have shown that feedback Nash...