A Differential Game for Renewable Resource Extraction Asymmetric Players and Asynchronous Horizons

Luca Grilli

Quaderni DSEMS from Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia

Abstract: In this paper we study a differential game, for resource extraction of a renewable good, in which players are overlapping generations of extractors. The framework of overlapping generation allows us to consider intragenerational (players in the same generation) and intergenerational (players in different generations) game equilibrium. We consider the case in which players, even if identical, face competition in an asymmetric way. Since we consider overlapping generations, players have asynchronous horizons, in contrast with a number of studies in intertemporal exploitation of resources in which players have identical time horizons.

Keywords: Feedback Nash Equilibrium; resource extraction; overlapping generations; asynchronous horizon; asymmetric players. (search for similar items in EconPapers)
JEL-codes: C72 Q20 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-ene
Note: pdf file is available on request
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Proceedings of I International Andean Conference and III Colombian Congress on Operation Research - CCIO 2004 - Cartagena de Indias, Colombia.

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ufg:qdsems:lg_cart_2004

Access Statistics for this paper

More papers in Quaderni DSEMS from Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia Largo Papa Giovanni Paolo II, 1 -71100- Foggia (I). Contact information at EDIRC.
Bibliographic data for series maintained by Luca Grilli ().