Cooperation in the commons (Q2505524)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Cooperation in the commons |
scientific article |
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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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