Resource Extraction under Heterogeneous Growth in Demand
Nahid Masoudi and
Marc Santugini
Cahiers de recherche from CIRPEE
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 cooperative and non-cooperative (Cournot-Nash and Stackelberg) and cooperative solutions.
Keywords: Common-pool resources; 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: 2014
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http://www.cirpee.org/fileadmin/documents/Cahiers_2014/CIRPEE14-22.pdf (application/pdf)
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Journal Article: Resource extraction under heterogeneous growth in demand (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:lacicr:1422
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