Cooperative and Noncooperative Extraction in a Common Pool with Habit Formation
Langue
EN
Article de revue
Ce document a été publié dans
Dynamic Games and Applications. 2017, vol. 7, n° 3, p. 468-491
Résumé en anglais
The present paper considers the exploitation of a common-property, nonrenewable resource, by individuals subject to habit formation. We formalize their behavior by means of a utility function, depending on the difference ...Lire la suite >
Mots clés en anglais
Common-Property
Differential Games
Habits
Nonrenewable Resource
Social Status