Showing 1 - 5 of 5
We construct a game of noncooperative common-resource exploitation which delivers analytical solutions for its symmetric Markov-perfect Nash equilibrium. We examine how introducing uncertainty to the natural law of resource reproduction affects strategic exploitation. We show that the commons...
Persistent link: https://www.econbiz.de/10010869036
We study the impact of uncertainty on the strategies and dynamics of symmetric noncooperative games among players who exploit a non-excludable resource that reproducesunder uncertainty. We focus on a particular class of games that deliver a unique Nash equilibrium in linear-symmetric strategies...
Persistent link: https://www.econbiz.de/10005623097
Persistent link: https://www.econbiz.de/10003812520
Persistent link: https://www.econbiz.de/10010065503
We study the impact of uncertainty on the strategies and dynamics of symmetric non-cooperative games among players who exploit a non-excludable resource that reproduces under uncertainty. We focus on a particular class of games that deliver a Nash equilibrium in linear-symmetric strategies of...
Persistent link: https://www.econbiz.de/10014062709