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This series of three classroom experiments demonstrates the tragedy of the commons and suggests two possible solutions …
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I propose a differential oligopoly game of resource extraction under (quasi-static) open-loop and nonlinear feedback …
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Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...
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