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Centralized and competitive extraction of distributed renewable resources on networks with nonlinear aggregate growth

Author

Listed:
  • Filippo de Feo

    (TUB - Technical University of Berlin = Technische Universität Berlin, Luiss University, Department of Economics and Finance, Roma)

  • Giorgio Fabbri

    (GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes, CNRS - Centre National de la Recherche Scientifique)

  • Silvia Faggian

    (University of Venice Ca’ Foscari = Université de Venise Ca’ Foscari = Università Ca’ Foscari di Venezia)

  • Giuseppe Freni

    (PARTHENOPE - Università degli Studi di Napoli “Parthenope” = University of Naples)

Abstract

We study the optimal and strategic extraction of a renewable resource that is spatially distributed over a network, migrates across nodes (with no loss of biomass during transit), and evolves according to a nonlinear (concave) aggregate growth function. A subset of nodes hosts extractors, while the remaining ones serve as reserves. We analyze a centralized planner's problem and a non-cooperative game with stationary Markov strategies. For three canonical growth families (logistic, power, and log-type saturating laws) paired with corresponding utilities, we derive closed-form value functions and feedback rules for the planner, and we construct a symmetric Markov equilibrium for the game on strongly connected networks.

Suggested Citation

  • Filippo de Feo & Giorgio Fabbri & Silvia Faggian & Giuseppe Freni, 2026. "Centralized and competitive extraction of distributed renewable resources on networks with nonlinear aggregate growth," Post-Print hal-05771632, HAL.
  • Handle: RePEc:hal:journl:hal-05771632
    DOI: 10.1016/j.jedc.2026.105399
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    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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