Märkte darzustellen. Um den Prozeßcharakter von Märkten abbilden zu können, wird deshalb die Theorie diskreter Entscheidungen …

We develop a model of scarce renewable resources to study the problem of the commons. Our model formulation differs … from the existing literature in that it assumes the use of the commons to be stochastic in nature. One example is microwave … characteristics of the commons and their usage patterns. In particular, we find that property rights are not always the best solution …