Strategic exploitation of a common resource under environmental risk
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non-cooperative game in which an environmental event impacts the renewability and the quality of the resource, we show that the anticipation of such an event has an ambiguous effect on extraction an...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/cis_research_all/13 https://ink.library.smu.edu.sg/context/cis_research_all/article/1012/viewcontent/1_s2.0_S0165188912001467_main.pdf |
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| Institution: | Singapore Management University |
| Language: | English |