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On the Effects of Mergers on Equilibrium Outcomes in a Common Property Renewable Asset Oligopoly

Benchekroun, Hassan; Gaudet, Gérard - 2014

This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...

Persistent link: https://www.econbiz.de/10010435767

Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource

Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2000

We incorporate a renewable resource into an overlapping generations model with standard, well-behaved utility and constant returns to scale production functions. Besides being a factor of production the resource serves as a store of value. We characterize dynamics, efficiency and stability of...

Persistent link: https://www.econbiz.de/10010314861

A Market Mechanism for Sustainable and Efficient Resource Use under Uncertainty

Quaas, Martin F.; Winkler, Ralph - 2017

Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose a market mechanism to allocate use rights over a stochastic resource to private managers. The mechanism endogenously determines the maximal tenure length guaranteeing that the...

Persistent link: https://www.econbiz.de/10011698691

Optimal management with potential regime shifts

Polasky, Stephen; de Zeeuw, Aart; Wagener, Florian - 2010

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous versus endogenous probabilities of regime shift. Prior...

Persistent link: https://www.econbiz.de/10010274863

Dynamic Games of Common-Property Resource Exploitation When Self-Image Matters

Van Long, Ngo - 2019

The purpose of this paper is to model the influence of Kantian moral scruples in a dynamic environment. Our objectives are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the exploitation of a common property renewable resource is...

Persistent link: https://www.econbiz.de/10012860769

Language as a Renewable Resource : Import, Dissipation, and Absorption of Innovations

Wickström, Bengt-Arne - 2021

The structural stability of different languages subject to the import of external elements is analyzed. We focus on the temporal side of the different processes interacting to produce a change in the structure of the language. That is, the rate of import and dissipation of new elements is seen...

Persistent link: https://www.econbiz.de/10013315865

International trade in natural resources: Practice and policy

Ruta, Michele; Venables, Anthony J. - 2012

Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …

Persistent link: https://www.econbiz.de/10010281799

On the political economy of high skilled migration and international trade

Bougheas, Spiros; Nelson, Douglas R. - 2012

We develop a two-country, two-sector model with a continuum of workers to address the link between migration and trade … free trade areas more likely to support full integration than states without free trade? Second, is trade liberalization … more likely to be supported by a simultaneous referendum on trade and migration than in one on trade alone? The key to our …

Persistent link: https://www.econbiz.de/10010283588

Which conflicts can the European neighbourhood policy help resolve?

Gylfason, Thorvaldur; Wijkman, Per Magnus - 2012

, strong intraregional trade, and the prospect of accession to the EU. It concludes that the EU's Member States must give …

Persistent link: https://www.econbiz.de/10010283602

von Ehrlich, Maximilian; Seidel, Tobias - 2012

In contrast to what several papers have argued recently, we show that firm heterogeneity fosters agglomeration of economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower propensity to export. This renders the home market more...

Persistent link: https://www.econbiz.de/10010291502