Resource Extraction under Heterogeneous Growth in Demand
Nahid Masoudi and
Cahiers de recherche from CIRPEE
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)
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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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