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Symmetric Equilibria in Spatially Distributed Extraction Games with Nonlinear Growth

Author

Listed:
  • Filippo De Feo

    (Institut für Mathematik, Technische Universität Berlin)

  • Giorgio Fabbri

    (Université Grenoble Alpes; INRAE)

  • Silvia Faggian

    (Ca’ Foscari University of Venice)

  • Giuseppe Freni

    (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 2025: 22, Department of Economics, University of Venice "Ca' Foscari".
  • Handle: RePEc:ven:wpaper:2025:22
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    References listed on IDEAS

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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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