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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...
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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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We revisit the debate on the optimal number of firms in the commons in a differential oligopoly game in which firms are … corresponding Bertrand magnitude if the weight of the stock of pollution is large enough. …
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