We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we … learning model we show how a self confirming equilibrium exists but is not constant over time. As scarcity increases the SCE … significantly alters escape dynamics with the time to escape shortening and the magnitude of dynamics reducing as scarcity rises. In …

Many conflicts and negotiations can be viewed as a dynamic game, where parties have no commitment power. In our model …