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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. …
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Common pool resources (CPRs) are usually exploited one generation after another - often overexploited - meaning there is an intergenerational link between the consumers - e.g., water for farming activities. This key dimension is often not considered in theoretical or field experiments, due to...
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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...
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We propose a meta-heuristic approach for solving nonlinear dynamic tracking games. In contrast to more "traditional" methods based on linear-quadratic (LQ) techniques, this derivative-free method is very flexible (e.g. to introduce inequality constraints). The meta-heuristic is applied to a...
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illustrated by assuming that the public agency may control market price and possibly also access to the commons. Two different …
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