A multigenerational dynamic game of resource extraction

DOI10.1016/j.mathsocsci.2005.12.003zbMath1152.91367OpenAlexW2078484432MaRDI QIDQ2496254

Andrzej S. Nowak

Publication date: 12 July 2006

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.mathsocsci.2005.12.003

zbMATH Keywords

hyperbolic discountingresource extractionquasi-geometric discountingtragedy of the commonstime-consistent equilibriumMarkov subgame perfect equilibriummultigenerational dynamic game

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Dynamic games (91A25) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

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