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Optimal Management with Potential Regime Shifts
Polasky, Stephen - 2010
model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous … endogenous probability of regime shift that affects system dynamics the potential for regime shift causes optimal management to …
Persistent link: https://www.econbiz.de/10013136238
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Harvesting a Remote Renewable Resource
Upmann, Thorsten - 2018
In standard models of spatial harvesting, the resource is distributed over the complete domain and the agent is able to control the harvesting activity everywhere all the time. In some cases though, it is more realistic to assume that the resource is located at a single point in space and that...
Persistent link: https://www.econbiz.de/10012930805
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Optimal Harvesting of a Spatial Renewable Resource
Behringer, Stefan - 2015
In this paper we investigate optimal harvesting of a renewable natural resource. While in the standard approach the resource is located at a single point in space we allow for the resource to be distributed over the plane. Consequently, an agent who exploits the resource has to travel from one...
Persistent link: https://www.econbiz.de/10013036168
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Optimal Management with Potential Regime Shifts
Polasky, Stephen; Zeeuw, Aart de; Wagener, Florian - CESifo - 2010
model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous … endogenous probability of regime shift that affects system dynamics the potential for regime shift causes optimal management to …
Persistent link: https://www.econbiz.de/10008727304
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Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource
Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - CESifo - 2000
. We characterize dynamics, efficiency and stability of steady state equilibria and show that the nature of steady state …
Persistent link: https://www.econbiz.de/10005094298
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On the Effects of Mergers on Equilibrium Outcomes in a Common Property Renewable Asset Oligopoly
Benchekroun, Hassan; Gaudet, Gérard - CESifo - 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/10011082835
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Extremism Drives Out Moderation
Klose, Bettina S. - 2012
, we show that substituting the auction contest success function for the lottery contest success function in a conflict may … radicals. Our results demonstrate the importance of the choice of the institutions of conflict, as modeled by the contest …
Persistent link: https://www.econbiz.de/10013106913
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Alliances in the Shadow of Conflict
Ke, Changxia - 2013
conflict and more intense fighting …
Persistent link: https://www.econbiz.de/10013088227
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Diversity and Conflict
Arbatli, Cemal Eren - 2018
This research advances the hypothesis and establishes empirically that interpersonal population diversity has contributed significantly to the emergence, prevalence, recurrence, and severity of intrasocietal conflicts. Exploiting an exogenous source of variations in population diversity across...
Persistent link: https://www.econbiz.de/10012916960
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Mobility and Conflict
Bhattacharya, Sourav; Deb, Joyee; Kundu, Tapas - 2021
We study the role of inter-group differences in the emergence of conflict. In our setting, two groups compete for the …, that the opposition can either accept, or reject and wage conflict. Expropriating a large share of resources increases … of conflict. In equilibrium, allocations are non-monotonic in the cost of mobility. Moreover, limited commitment with …
Persistent link: https://www.econbiz.de/10013315939