Tasneem, Dina; Engle-Warnick, Jim; Benchekroun, Hassan - Centre Interuniversitaire de Recherche en Analyse des … - 2014
We experimentally study behavior in a common property renewable resource extraction game with multiple equilibria. In the experiment, pairs of subjects competitively extract and consume a renewable resource in continuous time. We find that play evolves over time into multiple steady states, with...