Do multiple Nash equilibria in Markov strategies mitigate the tragedy of the commons?

DOI10.1016/J.JEDC.2006.12.009MaRDI QIDQ1027442zbMATH OpenOpenAlexWikidataFDO

Authors Franz Wirl

Publication date 1 July 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2006.12.009

zbMATH Keywords

conservationdynamic gamesmultiple equilibria

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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Cites work

• Characterization of Markovian equilibria in a class of differential games
• Coordinating Coordination Failures in Keynesian Models
• scientific article; zbMATH DE number 1734466 (Why is no real title available?)
• International pollution control: Cooperative versus noncooperative strategies
• Markov perfect Nash equilibria in models with a single capital stock
• New method to characterize subgame perfect Nash equilibria in differential games
• Non-linear strategies in a linear quadratic differential game
• Sur la gestion des Monopoles Publics astreints a l'equilibre budgetaire
• The tragedy of the commons?
• Uniqueness of Markov-perfect equilibrium in infinite-time affine-quadratic differential games

Cited in

(18)

• Non-linear strategies in a linear quadratic differential game
• The tragedy of the commons?
• Indeterminacy and history dependence of strategically interacting players
• Selection of a Markov perfect Nash equilibrium in a class of differential games
• Population growth and Nash equilibria under viability constraints in the commons
• Transboundary pollution control and environmental absorption efficiency management
• Dynamic corporate social responsibility (CSR) strategies in oligopoly
• Battle for climate and scarcity rents: beyond the linear-quadratic case
• scientific article; zbMATH DE number 6675552 (Why is no real title available?)
• Carbon tax and OPEC's rents under a ceiling constraint
• Global warming with green and brown consumers
• Do social status seeking behaviors worsen the tragedy of the commons?
• Social capital and the status externality
• Dynamic nonpoint-source pollution control policy: ambient transfers and uncertainty
• Groundwater usage and strategic complements. I. (Instrumental Variables)
• A review of tipping points and precaution using HJB equations
• On the non-uniqueness of linear Markov perfect equilibria in linear-quadratic differential games: a geometric approach
• Production-based pollution versus deforestation: optimal policy with state-independent and-dependent environmental absorption efficiency restoration process

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