7 research outputs found

    Equilibrium analysis for common-pool resources

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    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
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