Botelho, Anabela; Dinar, Ariel; Pinto, Lígia Costa; … - Núcleo de Investigação em Microeconomia Aplicada … - 2012
Most common pool resource (CPR) dilemmas share two features: they evolve over time and they are managed under environmental uncertainties. We propose a finite-horizon, stochastic, dynamic model that integrates these two dimensions. A distinguishing feature of our model is that the duration of...