On competition for spatially distributed resources in networks: an extended version

Giorgio Fabbri, Silvia Faggian and Giuseppe Freni

No 2022:03, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: We study the dynamics of the exploitation of a natural resource distributed among and flowing between several nodes connected via a weighted, directed network. The network represents both the locations and the interactions of the resource nodes. A regulator decides to designate some of the nodes as natural reserves where no exploitation is allowed. The remaining nodes are assigned (one-to-one) to players, who will exploit the resource at the node. We show how the equilibrium exploitation and the resource stocks depend on the productivity of the resource sites, on the structure of the connections between the sites, and on the number and the preferences of the agents. The best locations to host nature reserves are identified according to the model's parameters, and we find that they correspond to the most central (in the sense of eigenvector centrality) nodes of a suitably redefined network that considers the nodes' productivity.

Keywords: Harvesting; spatial models; differential games; nature reserve (search for similar items in EconPapers)
JEL-codes: C61 C72 C73 Q20 Q23 Q28 R11 R12 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2022
New Economics Papers: this item is included in nep-gth, nep-net, nep-reg and nep-ure
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: On competition for spatially distributed resources in networks: an extended version (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2022:03

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