COMMON-PROPERTY RESOURCE USE AND OUTSIDE OPTIONS: COOPERATION ACROSS GENERATIONS IN A DYNAMIC GAME

Nori Tarui

No 20029, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper presents a noncooperative dynamic game with overlapping generations of players using a common-property natural resource, and identifies conditions under which cooperation is supported as an equilibrium of the game. It explores how heterogeneity among the resource users and access to outside markets or microcredit affect local resource use in developing countries.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 28
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20029

DOI: 10.22004/ag.econ.20029

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