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The rise and fall of the Great Fish Pact under endogenous risk of stock collapse
Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an … endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that … offset the increased benefits from cooperation due to the presence of endogenous risk and the Great Fish Pact returns to …
Persistent link: https://www.econbiz.de/10011287058
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Productive development policies in Costa Rica : market failures, government failures, and policy outcomes
Monge González, Ricardo; Rivera, Luis; … - 2010
This paper analyzes five Productive Development Policies (PDPs) implemented in Costa Rica, finding that they are not optimally addressing market failures. Moreover, government failures rather than market failures represent the main justification for PDPs. Even in the presence of market failures,...
Persistent link: https://www.econbiz.de/10010247134
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Finding common ground when experts disagree : belief dominance over portfolios of alternatives
Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367
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On the optimal taxation of common-pool resources
Kossioris, Georgios; Plexousakis, Michael; Xepapadeas, … - 2010
Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria...
Persistent link: https://www.econbiz.de/10008735723
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Stochastic stability in the best shot game
Boncinelli, Leonardo; Pin, Paolo - 2010
The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It has generally a wide multiplicity of equilibria that we refine through stochastic stability. In this paper we show that, depending on how we define perturbations, i.e. the...
Persistent link: https://www.econbiz.de/10008747116
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On the impossibility of regret minimization in repeated games
Schlag, Karl; Zapechelnyuk, Andriy - 2010
Regret minimizing strategies for repeated games have been receiving increasing attention in the literature. These are simple adaptive behavior rules that exhibit nice convergence properties. If all players follow regret minimizing strategies, their average joint play converges to the set of...
Persistent link: https://www.econbiz.de/10008771585
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On the stochasticity of ultimatum games
Qi, Tianxiao; Xu, Bin; Wu, Jinshan; Vriend, Nicolaas J. - 2021
payoff-maximizing offer. By using a Risk Attitude test and a Probability Matching test, we show experimentally that the … proposers' attitude with respect to risk, as well as their ability to interpret and deal with probabilities may matter when it …
Persistent link: https://www.econbiz.de/10012501306
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The core in the presence of externalities
Kóczy, Lásló À. - 2002
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and – whenever this is possible – they...
Persistent link: https://www.econbiz.de/10011596414
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Whom can you trust? : reputation and cooperation in networks
King, Maia - 2017
Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We investigate cooperation when information about players' reputations spreads to their future partners through links in a social network that connects them. We find that information...
Persistent link: https://www.econbiz.de/10011773641
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Information design in multi-stage games
Makrēs, Miltiadēs; Renou, Ludovic - 2018
We consider multi-stage games, where at each stage, players receive private signals about past and current states, past actions and past signals, and choose actions. We fully characterize the distributions over actions, states, and signals that obtain in any (sequential) communication...
Persistent link: https://www.econbiz.de/10011872424