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On shared use of renewable stocks

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  • Ekerhovd, Nils-Arne
  • Flåm, Sjur Didrik
  • Steinshamn, Stein Ivar

Abstract

Considered here is multi-party exploitation of common property, renewable resources. The parties play various dynamic games differing in degree of cooperation and commitment. Comparisons of steady states clarify issues on collective choice and individual welfare.

Suggested Citation

  • Ekerhovd, Nils-Arne & Flåm, Sjur Didrik & Steinshamn, Stein Ivar, 2021. "On shared use of renewable stocks," European Journal of Operational Research, Elsevier, vol. 290(3), pages 1125-1135.
    • Handle: RePEc:eee:ejores:v:290:y:2021:i:3:p:1125-1135
    DOI: 10.1016/j.ejor.2020.08.052
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    2. Guillaume Bataille & Benteng Zou, 2024. "International Fisheries Agreements: Endogenous Exits, Shapley Values, and Moratorium Fishing Policy," DEM Discussion Paper Series 24-06, Department of Economics at the University of Luxembourg.
    3. Gaïgi, M’hamed & Ly Vath, Vathana & Scotti, Simone, 2022. "Optimal harvesting under marine reserves and uncertain environment," European Journal of Operational Research, Elsevier, vol. 301(3), pages 1181-1194.
    4. Guillaume Bataille & Benteng Zou, 2024. "International Fisheries Agreements: Endogenous Exits, Shapley Values, and Moratorium Fishing Policy," AMSE Working Papers 2421, Aix-Marseille School of Economics, France.

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