Resource extraction under heterogeneous growth in demand

Nahid Masoudi and Marc Santugini

Resource and Energy Economics, 2015, vol. 42, issue C, 16-30

Abstract: We study the effect of heterogeneous growth in demand on resource extraction. Using the Great Fish War framework of Levhari and Mirman (1980), we show that heterogeneity in demand growth has a profound effect on both non-cooperative (Cournot-Nash and Stackelberg) and cooperative solutions.

Keywords: Common-pool resource; Dynamic games; Heterogeneous growth; Strategic extraction; Tragedy of the commons (search for similar items in EconPapers)
JEL-codes: C71 C72 C73 Q20 (search for similar items in EconPapers)
Date: 2015
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Working Paper: Resource Extraction under Heterogeneous Growth in Demand (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:resene:v:42:y:2015:i:c:p:16-30

DOI: 10.1016/j.reseneeco.2015.06.003

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