Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10013433629
We model a dynamic common property resource game with unobservable actions and non-linear stock-dependent costs. We propose a strategy profile that generates a worst perfect equilibrium in the punishment phase, thereby supporting cooperation under the widest set of conditions. We show under what...
Persistent link: https://www.econbiz.de/10014182580
Persistent link: https://www.econbiz.de/10003359958
Persistent link: https://www.econbiz.de/10003557768
Persistent link: https://www.econbiz.de/10003659586
This paper delineates circumstances in which a first-best cooperative solution can be supported as a subgame perfect equilibrium in a dynamic common property renewable resource game. In a game with nonlinear resource stock effects on cost, we characterize a worst perfect equilibrium that...
Persistent link: https://www.econbiz.de/10014062680
Persistent link: https://www.econbiz.de/10000966882
Persistent link: https://www.econbiz.de/10002502528
Persistent link: https://www.econbiz.de/10002502538
Persistent link: https://www.econbiz.de/10012819853