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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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Journal Article: Resource extraction under heterogeneous growth in demand (2015) Downloads
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