Noncooperative resource exploitation by patient players

DOI10.1007/S13235-015-0135-5zbMATH Open1348.91224OpenAlexW2075576247MaRDI QIDQ747903FDOQ747903

Tapan Mitra, Gerhard Sorger

Publication date: 19 October 2015

Published in: Dynamic Games and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s13235-015-0135-5

zbMATH Keywords

dynamic gameMarkov perfect Nash equilibriumnon-renewable resourcecommon property resourcepatient players

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Dynamic games (91A25)

Cites Work

• Dynamic games in the economics of natural resources: a survey
• Oligopoly equilibria in nonrenewable resource markets
• Markovian equilibrium in a class of stochastic games: Existence theorems for discounted and undiscounted models
• Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games
• Extinction in common property resource models: an analytically tractable example

Cited In (2)

• Policy effectiveness in spatial resource wars: a two-region model
• Cooperative and noncooperative extraction in a common pool with habit formation

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