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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Break The Negative Spiral Over The Haze, David Chan
Break The Negative Spiral Over The Haze, David Chan
Research Collection School of Social Sciences
No abstract provided.
Strategic Exploitation Of A Common Resource Under Environmental Risk, Eric Fesselmeyer, Marc Santugini
Strategic Exploitation Of A Common Resource Under Environmental Risk, Eric Fesselmeyer, Marc Santugini
Research Collection College of Integrative Studies
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non-cooperative game in which an environmental event impacts the renewability and the quality of the resource, we show that the anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the renewability induces the agents to extract less today while a risk of a deterioration in the quality has the opposite effect. Moreover, when environmental risk induces conservation, the tragedy of the commons is worsened. (C) 2012 Elsevier B.V. …
Strategic Exploitation Of A Common Resource Under Environmental Risk, Eric Fesselmeyer, Marc Santugini
Strategic Exploitation Of A Common Resource Under Environmental Risk, Eric Fesselmeyer, Marc Santugini
Research Collection College of Integrative Studies
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non-cooperative game in which an environmental event impacts the renewability and the quality of the resource, we show that the anticipation of such an event has an ambiguous effect on extraction and the tragedy of the commons. A risk of a reduction in the renewability induces the agents to extract less today while a risk of a deterioration in the quality has the opposite effect. Moreover, when environmental risk induces conservation, the tragedy of the commons is worsened. (C) 2012 Elsevier B.V. …