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The paper jointly models the evolution of compliance with regulation and the evolution of a CPR stock, by combining … replicator dynamics describing compliance with harvesting rules, with resource stock dynamics. This evolutionary approach … areas of low stock levels, as an equilibrium outcome for compliance and the biomass stock. It might be easier for the …
Persistent link: https://www.econbiz.de/10005040071
The joint evolution of participation and compliance of farmers in a public VA, along with the evolution of the … pollution stock is examined. Replica- tor dynamics, modeling participation and compliance, are combined with pollution stock … regarding participation and compliance are derived. Depending on the structure of the legislation and auditing probability …
Persistent link: https://www.econbiz.de/10004994293
stock is examined. Replicator dynamics modeling participation and compliance are combined with pollution stock dynamics … auditing probability. Partial participation and partial compliance can be ES equilibria, with possible multiplicities, in … addition to the monomorphic equilibria of full (non) compliance. Convergence to these equilibria could be monotonic or …
Persistent link: https://www.econbiz.de/10004994374