We present an aggregative normal form game to describe the investment decision making sit- uation for a CPR: we will consider a non-cooperative approach searching a Nash equilibrium of it, as well as a cooperative one searching a fully cooperative equilibrium. An application in the Environmental Economics will be illustrated and, in this context, we will introduce a threshold investment as a random variable and we will study the resulting game with aggregative uncertainty looking for a Nash equilib- rium and a fully cooperative equilibrium.
Equilibrium analysis for common-pool resources / Mallozzi, Lina; Messalli, Roberta. - 140:(2018), pp. 73-84. [10.1007/978-3-319-97442-2_4]
Equilibrium analysis for common-pool resources
Mallozzi, Lina;Messalli, Roberta
2018
Abstract
We present an aggregative normal form game to describe the investment decision making sit- uation for a CPR: we will consider a non-cooperative approach searching a Nash equilibrium of it, as well as a cooperative one searching a fully cooperative equilibrium. An application in the Environmental Economics will be illustrated and, in this context, we will introduce a threshold investment as a random variable and we will study the resulting game with aggregative uncertainty looking for a Nash equilib- rium and a fully cooperative equilibrium.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
