Showing 1 - 10 of 498
The axiomatic route to the foundation of contest success functions (CSF) has proved to be both useful and prolific. The standard approach in the literature is based on the decision-theoretic notion that choice probabilities should be independent of irrelevant alternatives (Skaperdas, Economic...
Persistent link: https://www.econbiz.de/10011279745
A differential game of global warming is offered. The game involves individual country social utility functions that balance gains from GHG emissions with damages due to global warming. Two state variables are involved, the concentration of anthropogenic GHG in the atmosphere, and the increase...
Persistent link: https://www.econbiz.de/10013087241
International environmental agreements typically strive for the solution of a common property resource dilemma. Since the sovereignty of states precludes external enforcement, international environmental agreements must be self-enforcing. Game theoretical models explain why rewards and...
Persistent link: https://www.econbiz.de/10012775644
Intrinsic motivation is shaped by attitudes towards others. In spite of their potential relevance for policy design, identifying individual preference types beyond population distributions remains a challenge. We use data from a common pool resource (CPR) game in the fi eld (935 individuals, 25%...
Persistent link: https://www.econbiz.de/10012904155
The axiomatic route to the foundation of contest success functions (CSF) has proved to be both useful and prolific. The standard approach in the literature is based on the decision-theoretic notion that choice probabilities should be independent of irrelevant alternatives (Skaperdas, Economic...
Persistent link: https://www.econbiz.de/10013021222
Using an updated version of the CWS model (introduced by Eyckmans and Tulkens in Resource and Energy Economics 2003), this paper intends to evaluate with numbers the respective merits of two competing notions of coalition stability in the standard global public goods model as customarily applied...
Persistent link: https://www.econbiz.de/10012711495
We experimentally study behavior in a common property renewable resource extraction game with multiple equilibria. In the experiment, pairs of subjects competitively extract and consume a renewable resource in continuous time. We find that play evolves over time into multiple steady states, with...
Persistent link: https://www.econbiz.de/10013034074
Despite a large theoretical and empirical literature on public goods and common-pool resources, a systematic comparison of these two types of social dilemmas is lacking. In fact, there is considerable confusion about these two types of dilemma situations. As a result, they are often treated...
Persistent link: https://www.econbiz.de/10012750728
The theory of international environmental agreements overwhelmingly assumes that governments engage as unitary agents. Each government makes choices based on benefits and costs that are simple national aggregates, and similarly on a single set of national-level motivations, together drawing a...
Persistent link: https://www.econbiz.de/10009632867
This paper uses replicator dynamics to compare the steady states arising from two types of common property regimes - one in which over-exploiters are punished by the resource users themselves, and another where enforcement is handled by guards who collect a tax from the users. The use of guards...
Persistent link: https://www.econbiz.de/10012392491