کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5099609 1377018 2007 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Do multiple Nash equilibria in Markov strategies mitigate the tragedy of the commons?
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Do multiple Nash equilibria in Markov strategies mitigate the tragedy of the commons?
چکیده انگلیسی
In a seminal paper, Dockner and van Long [1993. International pollution control: cooperative versus non-cooperative strategies. Journal of Environmental Economics and Management 25, 13-29] argue that nonlinear strategies allow to protect the commons compared with the linear (and singular) strategy. This paper shows that the existence of multiple equilibria depends on preference characteristics and that multiple equilibria need not foster conservation. In particular, if the (absolute) elasticity of marginal utility is decreasing, then multiple equilibria aggravate the tragedy of the commons compared with the singular (or saddlepoint) strategy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 11, November 2007, Pages 3723-3740
نویسندگان
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