Fesselmeyer, Eric; Santugini, Marc - In: Journal of Economic Dynamics and Control 37 (2013) 1, pp. 125-136
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non-cooperative game in which an environmental event impacts the renewability and the quality of the resource, we show that the anticipation of such an event has an ambiguous effect on...
