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Resource Extraction under Heterogeneous Growth in Demand

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  • Nahid Masoudi
  • Marc Santugini

Abstract

We study the effect of heterogeneous growth in demand on resource extraction. Using the Great Fish War framework of Levhari and Mirman (1980), we show that heterogeneity in demand growth has a profound effect on both cooperative and non-cooperative (Cournot-Nash and Stackelberg) and cooperative solutions.

Suggested Citation

  • Nahid Masoudi & Marc Santugini, 2014. "Resource Extraction under Heterogeneous Growth in Demand," Cahiers de recherche 1422, CIRPEE.
    • Handle: RePEc:lvl:lacicr:1422
    as

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    References listed on IDEAS

    as
    1. Krausmann, Fridolin & Gingrich, Simone & Eisenmenger, Nina & Erb, Karl-Heinz & Haberl, Helmut & Fischer-Kowalski, Marina, 2009. "Growth in global materials use, GDP and population during the 20th century," Ecological Economics, Elsevier, vol. 68(10), pages 2696-2705, August.
    2. Ngo Long, 2011. "Dynamic Games in the Economics of Natural Resources: A Survey," Dynamic Games and Applications, Springer, vol. 1(1), pages 115-148, March.
    3. David Levhari & Leonard J. Mirman, 1980. "The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 322-334, Spring.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Common-pool resources; Dynamic games; Heterogeneous growth; Strategic extraction; Tragedy of the commons;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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