Author
Listed:
- Filippo de Feo
(TUB - Technical University of Berlin / Technische Universität Berlin)
- 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
(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 optimal and strategic extraction of a renewable resource that is distributed over a network, migrates mass-conservingly across nodes, and evolves under nonlinear (concave) growth. A subset of nodes hosts extractors while the remaining nodes serve as reserves. We analyze a centralized planner and a noncooperative game with stationary Markov strategies. The migration operator transports shadow values along the network so that Perron-Frobenius geometry governs long-run spatial allocations, while nonlinear growth couples aggregate biomass with its spatial distribution and bounds global dynamics. For three canonical growth families, logistic, power, and log-type saturating laws, under related unilities, we derive closed-form value functions and feedback rules for the planner and construct a symmetric Markov equilibrium on strongly connected networks. To our knowledge, this is the first paper to obtain explicit policies for spatial resource extraction with nonlinear growth and, a fortiori, closed-form Markov equilibria, on general networks.
Suggested Citation
Filippo de Feo & Giorgio Fabbri & Silvia Faggian & Giuseppe Freni, 2025.
"Symmetric Equilibria in Spatially Distributed Extraction Games with Nonlinear Growth,"
Working Papers
hal-05395762, HAL.
Handle:
RePEc:hal:wpaper:hal-05395762
Note: View the original document on HAL open archive server: https://hal.science/hal-05395762v1
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