Extinction in common property resource models: an analytically tractable example

DOI10.1007/S00199-013-0799-2MaRDI QIDQ405708zbMATH OpenOpenAlexFDO

Authors Tapan Mitra, Gerhard Sorger

Publication date 5 September 2014

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-013-0799-2

zbMATH Keywords

extinctiontragedy of the commonsMarkov-perfect Nash equilibrium

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Dynamic games (91A25) Other game-theoretic models (91A40) Discrete-time games (91A50)

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Cites work

• scientific article; zbMATH DE number 47134 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• A note on a new class of solutions to dynamic programming problems arising in economic growth
• A note on the extinction of renewable resources
• Almost sure convergence to zero in stochastic growth models
• Corrigendum to ``Existence and Uniqueness of Solutions to the Bellman Equation in the Unbounded Case Econometrica, Vol. 71, No. 5 (September, 2003), 1519-1555
• Existence and Uniqueness of Solutions to the Bellman Equation in the Unbounded Case
• Markov-perfect Nash equilibria in a class of resource games
• Nonconvexity and Optimal Exhaustion of Renewable Resources
• On discounted dynamic programming with unbounded returns
• Optimal exploitation of renewable resources under uncertainty and the extinction of species
• Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks
• The joint exploitation of a productive asset: A game-theoretic approach
• The optimal extinction of a renewable natural resource
• The tragedy of the commons?

Cited in

(16)

• Optimality of Ramsey-Euler policy in the stochastic growth model
• Euler-Lagrange equations of stochastic differential games: application to a game of a productive asset
• Transitional regimes as early warning signals in resource dependent competition models
• A note on the extinction of renewable resources
• Stochastic growth, conservation of capital and convergence to a positive steady state
• Stackelberg versus Cournot: a differential game approach
• Noncooperative resource exploitation by patient players
• scientific article; zbMATH DE number 4031361 (Why is no real title available?)
• On optimal extinction in the matchbox two-sector model
• The tragedy of the commons: a mean-field game approach to the reversal of travelling waves
• Sliding modes in the management of renewable resources
• Policy effectiveness in spatial resource wars: a two-region model
• How stationarity contradicts intergenerational equity
• Capital accumulation game with quasi-geometric discounting and consumption externalities
• Propensity to consume and the optimality of Ramsey-Euler policies
• Economic growth and property rights on natural resources

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