Group inefficiency in a common property resource game with asymmetric players
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2015.10.002
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Krusell, Per & Kuruscu, Burhanettin & Smith, Anthony Jr., 2002.
"Equilibrium Welfare and Government Policy with Quasi-geometric Discounting,"
Journal of Economic Theory, Elsevier, vol. 105(1), pages 42-72, July.
- Per Krusell & Burhanettin Kuruscu & Anthony A. Smtih, Jr., "undated". "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," GSIA Working Papers 2001-06, Carnegie Mellon University, Tepper School of Business.
- Smith Jr., Anthony A & Kuruscu, Burhanettin, 2001. "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," CEPR Discussion Papers 2693, C.E.P.R. Discussion Papers.
- Per Krusell & Burhanettin Kuruscu & Anthony A. Smith Jr., 2001. "Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting," Temi di discussione (Economic working papers) 413, Bank of Italy, Economic Research and International Relations Area.
- Ekeland, Ivar & Karp, Larry & Sumaila, Rashid, 2015. "Equilibrium resource management with altruistic overlapping generations," Journal of Environmental Economics and Management, Elsevier, vol. 70(C), pages 1-16.
- Karp, Larry, 2007.
"Non-constant discounting in continuous time,"
Journal of Economic Theory, Elsevier, vol. 132(1), pages 557-568, January.
- Karp, Larry, 2004. "Non-Constant Discounting in Continuous Time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7pr05084, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Institute for Research on Labor and Employment, Working Paper Series qt0nn1t22z, Institute of Industrial Relations, UC Berkeley.
- Karp, L, 2007. "Non-constant discounting in continuous time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8d52f6w7, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry S., 2004. "Non-Constant Discounting in Continuous Time," CUDARE Working Papers 25050, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0nn1t22z, Department of Agricultural & Resource Economics, UC Berkeley.
- Sorger, Gerhard, 2006. "Recursive Nash bargaining over a productive asset," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2637-2659, December.
- Karp, Larry, 1996.
"Monopoly Power Can Be Disadvantageous in the Extraction of a Durable Nonrenewable Resource,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(4), pages 825-849, November.
- Karp, Larry, 1995. "Monopoly Power can be Disadvantageous in the Extraction of a Durable Nonrenewable Resource," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4cs0m1vb, Department of Agricultural & Resource Economics, UC Berkeley.
- Hiraguchi, Ryoji, 2014. "On the neoclassical growth model with non-constant discounting," Economics Letters, Elsevier, vol. 125(2), pages 175-178.
- Hiraguchi, Ryoji, 2014. "A Note On The Analytical Solution To The Neoclassical Growth Model With Leisure," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 473-479, March.
- Rogoff, Kenneth, 1985. "Can international monetary policy cooperation be counterproductive?," Journal of International Economics, Elsevier, vol. 18(3-4), pages 199-217, May.
- Maskin, Eric S & Newbery, David M, 1990. "Disadvantageous Oil Tariffs and Dynamic Consistency," American Economic Review, American Economic Association, vol. 80(1), pages 143-156, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Larry Karp & Thierry Paul, 2005.
"Intersectoral Adjustment and Policy Intervention: the Importance of General‐Equilibrium Effects,"
Review of International Economics, Wiley Blackwell, vol. 13(2), pages 330-355, May.
- Karp, Larry & Paul, Thierry, 2002. "Intersectoral Adjustment and Policy Intervention: the Importance of General Equilibrium Effects," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7rk3z9w1, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry S. & Paul, Thierry, 2002. "Intersectoral Adjustment and Policy Intervention: the Importance of General Equilibrium Effects," CUDARE Working Papers 25114, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Maeda, Daiki, 2018. "Quasi-geometric discounting in cash-in-advance economy," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 51-56.
- Francisco Cabo & Guiomar Martín-Herrán & María Pilar Martínez-García, 2020. "Non-constant Discounting, Social Welfare and Endogenous Growth with Pollution Externalities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(2), pages 369-403, July.
- Nesje, Frikk, 2020.
"Cross-dynastic Intergenerational Altruism,"
Working Papers
0678, University of Heidelberg, Department of Economics.
- Frikk Nesje, 2022. "Cross-Dynastic Intergenerational Altruism," CESifo Working Paper Series 9626, CESifo.
- Nesje, Frikk, 2021. "Cross-Dynastic Intergenerational Altruism," EconStor Preprints 242961, ZBW - Leibniz Information Centre for Economics.
- Antony Millner & Geoffrey Heal, 2015. "Collective intertemporal choice: time consistency vs. time invariance," GRI Working Papers 220, Grantham Research Institute on Climate Change and the Environment.
- Maria Arvaniti & Chandra K. Krishnamurthy & Anne-Sophie Crépin, 2019. "Time-consistent resource management with regime shifts," CER-ETH Economics working paper series 19/329, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Anna Castañer & Jesús Marín-Solano & Carmen Ribas, 2021. "A time consistent dynamic bargaining procedure in differential games with hterogeneous discounting," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 93(3), pages 555-584, June.
- Guillouet, Louise & Martimort, David, 2023. "Acting in the Darkness: Towards some Foundations for the Precautionary Principle," TSE Working Papers 23-1411, Toulouse School of Economics (TSE), revised Jul 2024.
- Ryoji Ohdoi & Koichi Futagami, 2021.
"Welfare implications of non-unitary time discounting,"
Theory and Decision, Springer, vol. 90(1), pages 85-115, February.
- Ohdoi, Ryoji & Futagami, Koichi, 2019. "Welfare Implications of Non-unitary Time Discounting," MPRA Paper 97346, University Library of Munich, Germany.
- Cabo, Francisco & Martín-Herrán, Guiomar & Martínez-García, María Pilar, 2020. "Present bias and the inefficiency of the centralized economy: The role of the elasticity of intertemporal substitution," Economic Modelling, Elsevier, vol. 93(C), pages 702-716.
- Takeo Hori & Koichi Futagami, 2019.
"A Non‐unitary Discount Rate Model,"
Economica, London School of Economics and Political Science, vol. 86(341), pages 139-165, January.
- Koichi Futagami & Takeo Hori, 2010. "A Non-Unitary Discount Rate Model," Discussion Papers in Economics and Business 10-26, Osaka University, Graduate School of Economics.
- Reyer Gerlagh, 2012.
"Carbon Prices for the Next Thousand Years,"
Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, August.
- Reyer Gerlagh & Matti Liski, 2012. "Carbon Prices for the Next Thousand Years," CESifo Working Paper Series 3855, CESifo.
- Hiraguchi, Ryoji, 2014. "On the neoclassical growth model with non-constant discounting," Economics Letters, Elsevier, vol. 125(2), pages 175-178.
- Fujii, Tomoki & Karp, Larry, 2008. "Numerical analysis of non-constant pure rate of time preference: A model of climate policy," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 83-101, July.
- Kang, Minwook & Kim, Eungsik, 2023. "A government policy with time-inconsistent consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 44-67.
- Terrence Iverson & Larry Karp, 2021.
"Carbon Taxes and Climate Commitment with Non-constant Time Preference,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(2), pages 764-799.
- Iverson , Terrence & Karp, Larry, 2017. "Carbon taxes and climate commitment with non-constant time preference," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt3hw6s14v, Department of Agricultural & Resource Economics, UC Berkeley.
- Martimort, David & Guillouet, Louise, 2020. "Precaution, Information and Time-Inconsistency: On The Value of the Precautionary Principle," CEPR Discussion Papers 15266, C.E.P.R. Discussion Papers.
- Karp, Larry, 1995. "Monopoly Power can be Disadvantageous in the Extraction of a Durable Nonrenewable Resource," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4cs0m1vb, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 1996.
"Monopoly Power Can Be Disadvantageous in the Extraction of a Durable Nonrenewable Resource,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(4), pages 825-849, November.
- Karp, Larry, 1995. "Monopoly Power can be Disadvantageous in the Extraction of a Durable Nonrenewable Resource," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4cs0m1vb, Department of Agricultural & Resource Economics, UC Berkeley.
- Henri Sterdyniak & Pierre Villa, 1993.
"Régimes de change et coordination des politiques économiques en Europe,"
Revue de l'OFCE, Programme National Persée, vol. 43(1), pages 307-348.
- Henri Sterdyniak & Pierre Villa, 1993. "Régimes de change et coordination des politiques économiques en Europe," Post-Print hal-03458167, HAL.
- Henri Sterdyniak & Pierre Villa, 1993. "Régimes de change et coordination des politiques économiques en Europe," SciencePo Working papers Main hal-03458167, HAL.
More about this item
Keywords
Asymmetric players; Heterogeneous discounting; Group inefficiency; Differential games; Resource games;All these keywords.
JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
Statistics
Access and download statisticsCorrections
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:ecolet:v:136:y:2015:i:c:p:214-217. See general information about how to correct material in RePEc.
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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.