Extinction in common property resource models: an analytically tractable example

DOI10.1007/s00199-013-0799-2zbMath1297.91123OpenAlexW1989052389MaRDI QIDQ405708

Gerhard Sorger, Tapan Mitra

Publication date: 5 September 2014

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-013-0799-2

zbMATH Keywords

extinctiontragedy of the commonsMarkov-perfect Nash equilibrium

Mathematics Subject Classification ID

Discrete-time games (91A50) Other game-theoretic models (91A40) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Dynamic games (91A25)

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