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Game theory of pollution : national policies and their international effects
Schüller, Katharina; Staňková, Kateřina; Thuijsman, … - In: Games 8 (2017) 3, pp. 1-15
In this paper we put forward a simple game-theoretical model of pollution control, where each country is in control of … its own pollution, while the environmental effects of policies do not stop at country borders. In our noncooperative … differential game, countries as players minimize the present value of their own costs defined as a linear combination of pollution …
Persistent link: https://www.econbiz.de/10011709210
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Games with adaptation and mitigation
Chritonenko, Natalija V.; Hritonenko, Victoria; … - In: Games 11 (2020) 4/60, pp. 1-16
on pollution mitigation and environmental adaptation. The optimal emission, adaptation, and mitigation investments are …
Persistent link: https://www.econbiz.de/10012432437
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Stable sampling equilibrium in common pool resource games
Cárdenas Campo, Juan Camilo; Mantilla, César; Sethi, Rajiv - In: Games 6 (2015) 3, pp. 299-317
This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...
Persistent link: https://www.econbiz.de/10011316535
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Trust with private and common property : effects of stronger property right entitlements
Cox, James C.; Hall, Daniel T. - In: Games 1 (2010) 4, pp. 527-550
Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. [1] report little difference between cooperation in private and common property trust games....
Persistent link: https://www.econbiz.de/10009752448
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Space debris removal : a game theoretic analysis
Klima, Richard; Bloembergen, Daan; Savani, Rahul; … - In: Games 7 (2016) 3, pp. 1-18
theory is referred to as the ‘tragedy of the commons’. We introduce and thoroughly analyse this dilemma using empirical game …
Persistent link: https://www.econbiz.de/10011550610
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Recent advances in experimental studies of social dilemma games
Chaudhuri, Ananish - In: Games 7 (2016) 1, pp. 1-11
I provide a broad overview of the findings reported in the articles submitted for this special volume on experimental studies of social dilemma problems. I start by providing a synopsis of where current research stands on this topic. Then I go on to discuss the specific papers and how those...
Persistent link: https://www.econbiz.de/10011453100
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An experiment on cooperation in a CPR game with a disapproval option
Yao, Koffi Serge William - In: Games 12 (2021) 4, pp. 1-14
This paper studies the standard version of the approval mechanism with two players in a common pool resource (CPR) extraction game. In the case of disapproval, the Nash extraction level is implemented. The paper investigates, experimentally, the extent to which the Nash threat leads to...
Persistent link: https://www.econbiz.de/10012650460
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Characterizing actions in a dynamic common pool resource game
Somasse, Gbetonmasse B.; Smith, Alexander; Chapman, Zachary - In: Games 9 (2018) 4/101, pp. 1-13
We conducted a dynamic common pool resource experiment and found large differences among groups in the total benefits (surplus) obtained from the resource. To shed light on the factors underlying the differences, we characterized individual appropriation decisions as irresponsible, sustainable,...
Persistent link: https://www.econbiz.de/10012014967
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Binding contracts, non-binding promises and social feedback in the intertemporal common-pool resource game
Przepiorka, Wojtek; Diekmann, Andreas - In: Games 11 (2020) 1/5, pp. 1-21
In the intertemporal common-pool resource game, non-cooperative behavior produces externalities reducing subjects' payoffs in both the present and the future. In this paper, we investigate through two experiments whether binding contracts, non-binding promises and social feedback help to promote...
Persistent link: https://www.econbiz.de/10012168605
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Economic harmony : an epistemic theory of economic interactions
Suleiman, Ramzi - In: Games 8 (2017) 1, pp. 1-15
We propose an epistemic theory of micro-economic interactions, termed Economic Harmony. In the theory, we modify the standard utility, by changing its argument from the player’s actual payoff, to the ratio between the player’s actual payoff and his or her aspired payoff. We show that the...
Persistent link: https://www.econbiz.de/10011621329