Cooperation in the commons (Q2505524)

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Cooperation in the commons
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    Cooperation in the commons (English)
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    26 September 2006
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    The authors delineate circumstances in which a first best cooperative solution can be supported as a subgame perfect equilibrium in a dynamic common property renewable resource game. The strategy profiles are developed for a wide range of parameters. The strategy profile is consistence with the human behaviour observed in experiments.
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    common property resource
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    co-operation
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    dynamic game
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