On Limits to the Use of Linear Markov Strategies in Common Property Natural Resource Games


Autoria(s): Gaudet, Gérard; Lohoues, Hervé
Data(s)

22/09/2006

22/09/2006

2005

Resumo

We derive conditions that must be satisfied by the primitives of the problem in order for an equilibrium in linear Markov strategies to exist in some common property natural resource differential games. These conditions impose restrictions on the admissible form of the natural growth function, given a benefit function, or on the admissible form of the benefit function, given a natural growth function.

Formato

167749 bytes

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Identificador

GAUDET, Gérard et LOHOUES, Hervé, «On Limits to the Use of Linear Markov Strategies in Common Property Natural Resource Games», Cahier de recherche #2005-15, Département de sciences économiques, Université de Montréal, 2005, 14 pages.

http://hdl.handle.net/1866/544

Relação

Cahier de recherche #2005-15

Palavras-Chave #common property #natural resources #differential games #linear Markov strategies #[JEL:C73] Mathematical and Quantitative Methods - Game Theory and Bargaining Theory - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games #[JEL:D90] Microeconomics - Intertemporal Choice and Growth - General #[JEL:Q20] Agricultural and Natural Resource Economics; Environmental and Ecological Economics - Renewable Resources and Conservation - General #[JEL:C73] Mathématiques et méthodes quantitatives - Théorie des jeux et négociation - Jeux stochastiques et dynamiques #[JEL:D90] Microéconomie - Choix intertemporel et croissance - Généralités #[JEL:Q20] Agriculture et économie des ressources naturelles - Conservation, ressources renouvelables et gestion de l'environnement - Généralités
Tipo

Article