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The purpose of this paper is to model the influence of Kantian moral scruples in a dynamic environment. Our objectives are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the exploitation of a common property renewable resource is...
Persistent link: https://www.econbiz.de/10012860769
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The purpose of this paper is to model the influence of Kantian moral scruples in a dynamic environment. Our objectives are twofold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the exploitation of a common-property renewable resource is...
Persistent link: https://www.econbiz.de/10012429634
Persistent link: https://www.econbiz.de/10010413432
Persistent link: https://www.econbiz.de/10011312645
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imperative. We revisit a well-known dynamic model of the tragedy of the commons and ask what would happen if not all agents are … sufficiently large fraction of the population consists of Kantian agents, the tragedy of the commons can be substantially mitigated. …
Persistent link: https://www.econbiz.de/10012031053
imperative. We revisit a well-known dynamic model of the tragedy of the commons and ask what would happen if not all agents are … sufficiently large fraction of the population consists of Kantian agents, the tragedy of the commons can be substantially mitigated …
Persistent link: https://www.econbiz.de/10012866318
Persistent link: https://www.econbiz.de/10015069338