On Limits to the Use of Linear Markov Strategies in Common Property Natural Resource Games
Gérard Gaudet () and
Cahiers de recherche from Universite de Montreal, Departement de sciences economiques
We derive conditions that must be satisfied by the primitives of the problem in order for an equilibrium in linear Markov strategies to exist in some common property natural resource differential games. These conditions impose restrictions on the admissible form of the natural growth function, given a benefit function, or on the admissible form of the benefit function, given a natural growth function.
Keywords: common orty; natural resources; differential games; linear Markov strategies (search for similar items in EconPapers)
JEL-codes: C73 D90 Q20 (search for similar items in EconPapers)
Pages: 14 pages
New Economics Papers: this item is included in nep-agr and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: On Limits to the Use of Linear Markov Strategies in Common Property Natural Resource Games (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:2005-15
Access Statistics for this paper
More papers in Cahiers de recherche from Universite de Montreal, Departement de sciences economiques Contact information at EDIRC.
Bibliographic data for series maintained by Sharon BREWER ().