IDEAS home Printed from
   My bibliography  Save this article

Tipping points and business-as-usual in a global commons


  • Harrison, Rodrigo
  • Lagunoff, Roger


This paper analyzes a dynamic strategic model of resource extraction from a global commons. Countries derive benefits from both direct extraction and aggregate conservation of an open access resource. Each period, a country’s output depends both on its resource usage and on the global stock of the resource stored within the ecosystem. Leading examples are ocean fisheries, habitat preservation, forestry, and land carbon biomass. The production coefficients on these inputs vary across countries and evolve stochastically over time.

Suggested Citation

  • Harrison, Rodrigo & Lagunoff, Roger, 2019. "Tipping points and business-as-usual in a global commons," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 386-408.
  • Handle: RePEc:eee:jeborg:v:163:y:2019:i:c:p:386-408
    DOI: 10.1016/j.jebo.2019.05.015

    Download full text from publisher

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    Ocean fisheries; Resource extraction; Global carbon commons; Tipping points; Safe operating space for humanity; Business-as-usual equilibrium;

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:163:y:2019:i:c:p:386-408. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.