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Author : Rabah Amir
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (933 download)
Download or read book Information Structure and the Tragedy of the Commons in Resource Extraction written by Rabah Amir and published by . This book was released on 2000 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rabah Amir
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (247 download)
Download or read book Information Structure and the Tragedy of the Commons in Resource Extraction /Rabah Amir and Niels Nannerup written by Rabah Amir and published by . This book was released on 2000 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rabah Amir
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (129 download)
Download or read book Information Structure and the Tragedy of the Commons in Resource Extraction written by Rabah Amir and published by . This book was released on 2007 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers the well-known Levhari-Mirman model of resource extraction, and investigates the effects of the information structure of the dynamic game - open-loop, Markovian or history-dependent - on the equilibrium consumption path and the overall utility of the agents. The open-loop regime yields a Pareto-optimal outcome. The Markovian regime leads to the most pronounced version of the tragedy of the commons. History-dependent behavior yields an outcome set that is intermediate between the other two cases. The level of efficiency of equilibrium behaviour is thus U-shaped as a function of the level of information extraction strategies are based on. The analysis suggests that in environments characterized by a dynamic (and no market) externality, forcing agents to commit to open-loop behavior would constitute welfare-improving regulation.
Author : Rabah Amir
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (474 download)
Download or read book Information Structure and the Tragedy Og the Commons in Resource Extration written by Rabah Amir and published by . This book was released on 2000 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Elena Parilina
Publisher : Springer Nature
ISBN 13 : 3031164555
Total Pages : 263 pages
Book Rating : 4.0/5 (311 download)
Download or read book Theory and Applications of Dynamic Games written by Elena Parilina and published by Springer Nature. This book was released on 2022-11-23 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a comprehensive overview of noncooperative and cooperative dynamic games involving uncertain parameter values, with the stochastic process being described by an event tree. Primarily intended for graduate students of economics, management science and engineering, the book is self-contained, as it defines and illustrates all relevant concepts originally introduced in static games before extending them to a dynamic framework. It subsequently addresses the sustainability of cooperative contracts over time and introduces a range of mechanisms to help avoid such agreements breaking down before reaching maturity. To illustrate the concepts discussed, the book provides various examples of how dynamic games played over event trees can be applied to environmental economics, management science, and engineering.
Author : David W.K. Yeung
Publisher : Springer Science & Business Media
ISBN 13 : 0817682627
Total Pages : 403 pages
Book Rating : 4.8/5 (176 download)
Download or read book Subgame Consistent Economic Optimization written by David W.K. Yeung and published by Springer Science & Business Media. This book was released on 2011-12-07 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.
Author : David W.K. Yeung
Publisher : Springer
ISBN 13 : 9811015457
Total Pages : 522 pages
Book Rating : 4.8/5 (11 download)
Download or read book Subgame Consistent Cooperation written by David W.K. Yeung and published by Springer. This book was released on 2016-09-23 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic behavior in the human and social world has been increasingly recognized in theory and practice. It is well known that non-cooperative behavior could lead to suboptimal or even highly undesirable outcomes. Cooperation suggests the possibility of obtaining socially optimal solutions and the calls for cooperation are prevalent in real-life problems. Dynamic cooperation cannot be sustainable if there is no guarantee that the agreed upon optimality principle at the beginning is maintained throughout the cooperation duration. It is due to the lack of this kind of guarantees that cooperative schemes fail to last till its end or even fail to get started. The property of subgame consistency in cooperative dynamic games and the corresponding solution mechanism resolve this “classic” problem in game theory. This book is a comprehensive treatise on subgame consistent dynamic cooperation covering the up-to-date state of the art analyses in this important topic. It sets out to provide the theory, solution techniques and applications of subgame consistent cooperation in a wide spectrum of paradigms for analysis which includes cooperative dynamic game models with stochastic state dynamics, with uncertain future payoffs, with asynchronous players’ horizons, with random cooperation duration, with control spaces switching and with transferable and nontransferable payoffs. The book would be a significant research reference text for researchers in game theory, economists, applied mathematicians, policy-makers, corporate decision-makers, and graduate students in applied mathematics, game theory, decision sciences, economics and management sciences.
Author : Juan Miguel Benito-Ostolaza
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)
Download or read book Incentives to Give Up Resource Extraction and Avoid the Tragedy of the Commons written by Juan Miguel Benito-Ostolaza and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Elinor Ostrom
Publisher : Cambridge University Press
ISBN 13 : 1107569788
Total Pages : 297 pages
Book Rating : 4.1/5 (75 download)
Download or read book Governing the Commons written by Elinor Ostrom and published by Cambridge University Press. This book was released on 2015-09-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.
Author : Jon Norberg
Publisher : Columbia University Press
ISBN 13 : 9780231508865
Total Pages : 340 pages
Book Rating : 4.5/5 (88 download)
Download or read book Complexity Theory for a Sustainable Future written by Jon Norberg and published by Columbia University Press. This book was released on 2008-07-11 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Complexity theory illuminates the many interactions between natural and social systems, providing a better understanding of the general principles that can help solve some of today's most pressing environmental issues. Complexity theory was developed from key ideas in economics, physics, biology, and the social sciences and contributes to important new concepts for approaching issues of environmental sustainability such as resilience, scaling, and networks. Complexity Theory for a Sustainable Future is a hands-on treatment of this exciting new body of work and its applications, bridging the gap between theoretical and applied perspectives in the management of complex adaptive systems. Focusing primarily on natural resource management and community-based conservation, the book features contributions by leading scholars in the field, many of whom are among the leaders of the Resilience Alliance. Theoreticians will find a valuable synthesis of new ideas on resilience, sustainability, asymmetries, information processing, scaling, and networks. Managers and policymakers will benefit from the application of these ideas to practical approaches and empirical studies linked to social-ecological systems. Chapters present new twists on such existing approaches as scenario planning, scaling analyses, and adaptive management, and the book concludes with recommendations on how to manage natural resources, how to involve stakeholders in the dynamics of a system, and how to explain the difficult topic of scale. A vital reference for an emerging discipline, this volume provides a clearer understanding of the conditions required for systems self-organization, since the capacity of any system to self-organize is crucial for its sustainability over time.
Author : Committee on the Human Dimensions of Global Change
Publisher :
ISBN 13 :
Total Pages : 542 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Drama of the Commons written by Committee on the Human Dimensions of Global Change and published by . This book was released on 2002-02-15 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation The National Research Council reviews and updates the work of its Panel on the Study of Common Property Resource Management, completed 15 years ago, incorporating theoretical and empirical developments since then. The report begins by pointing out the flaws in the Tragedy of the Commons myth that ordinary people cannot take care of shared resources, so the rich must seize them. The study should interest people concerned with such commons as ecosystems, water supplies, and the atmosphere. Annotation c. Book News, Inc., Portland, OR (booknews.com).
Author : Martin Schäfer
Publisher : Springer
ISBN 13 : 9783642489235
Total Pages : 157 pages
Book Rating : 4.4/5 (892 download)
Download or read book Resource Extraction and Market Structure written by Martin Schäfer and published by Springer. This book was released on 2014-10-05 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Luca Lambertini
Publisher :
ISBN 13 : 1107164680
Total Pages : 275 pages
Book Rating : 4.1/5 (71 download)
Download or read book Differential Games in Industrial Economics written by Luca Lambertini and published by . This book was released on 2018-04-26 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.
Author : Hartmut Bossel
Publisher : BoD – Books on Demand
ISBN 13 : 3833481218
Total Pages : 374 pages
Book Rating : 4.8/5 (334 download)
Download or read book Systems and Models written by Hartmut Bossel and published by BoD – Books on Demand. This book was released on 2007 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multitude of complex systems and actors pursuing their own agenda shape the dynamics of our world. Better understanding of their actions and interactions is crucial, and can be achieved by a profound knowledge of systems and their properties, and their representation in models allowing simulation of probable behavior. Drawing on his extensive research and teaching experience in modeling and simulation of a wide range of systems - from engineering to social systems and ecosystems - the author presents the fundamental concepts and approaches for understanding and modeling the complex systems shaping the dynamics of our world. The book applies state space analysis and system dynamics to deal with the dynamic processes of "causal systems," discusses information processing approaches for modeling decision processes of "actors" and "agents," and uses aspects of the coevolutionary development of systems in their environment to deal with normative orientation, ethics, and evaluation of policies and long-term development. The concepts are applied in particular to the issue of sustainable development of human society in an evolving world. The book is complemented by a survey of system topics and of models from many fields, and by an extensive bibliography on the many systems-related subjects covered. Hartmut Bossel is Professor Emeritus of environmental systems analysis. He taught for many years at the University of California in Santa Barbara and the University of Kassel, Germany, where he was director of the Center for Environmental Systems Research until his retirement. He holds an engineering degree from the Technical University of Darmstadt, and a Ph.D. degree from the University of California at Berkeley. With a background in engineering, systems science, and mathematical modeling, he has led many research projects and future studies in different countries, developing computer simulation models and decision support systems in the areas of energy supply policy, global dynamics, orientation of behavior, agricultural policy, and forest dynamics and management. He has written numerous books on modeling and simulation of dynamic systems, social change and future paths, and has published widely in the scientific literature in several fields. Bossel is author of a System Zoo containing over one hundred simulation models of diverse systems.
Author : Donella Meadows
Publisher : Chelsea Green Publishing
ISBN 13 : 1603581480
Total Pages : 242 pages
Book Rating : 4.6/5 (35 download)
Download or read book Thinking in Systems written by Donella Meadows and published by Chelsea Green Publishing. This book was released on 2008-12-03 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classic book on systems thinking—with more than half a million copies sold worldwide! "This is a fabulous book... This book opened my mind and reshaped the way I think about investing."—Forbes "Thinking in Systems is required reading for anyone hoping to run a successful company, community, or country. Learning how to think in systems is now part of change-agent literacy. And this is the best book of its kind."—Hunter Lovins In the years following her role as the lead author of the international bestseller, Limits to Growth—the first book to show the consequences of unchecked growth on a finite planet—Donella Meadows remained a pioneer of environmental and social analysis until her untimely death in 2001. Thinking in Systems is a concise and crucial book offering insight for problem solving on scales ranging from the personal to the global. Edited by the Sustainability Institute’s Diana Wright, this essential primer brings systems thinking out of the realm of computers and equations and into the tangible world, showing readers how to develop the systems-thinking skills that thought leaders across the globe consider critical for 21st-century life. Some of the biggest problems facing the world—war, hunger, poverty, and environmental degradation—are essentially system failures. They cannot be solved by fixing one piece in isolation from the others, because even seemingly minor details have enormous power to undermine the best efforts of too-narrow thinking. While readers will learn the conceptual tools and methods of systems thinking, the heart of the book is grander than methodology. Donella Meadows was known as much for nurturing positive outcomes as she was for delving into the science behind global dilemmas. She reminds readers to pay attention to what is important, not just what is quantifiable, to stay humble, and to stay a learner. In a world growing ever more complicated, crowded, and interdependent, Thinking in Systems helps readers avoid confusion and helplessness, the first step toward finding proactive and effective solutions.
Author : Elinor Ostrom
Publisher : University of Michigan Press
ISBN 13 : 9780472065462
Total Pages : 396 pages
Book Rating : 4.0/5 (654 download)
Download or read book Rules, Games, and Common-pool Resources written by Elinor Ostrom and published by University of Michigan Press. This book was released on 1994 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Levels of Action
Author : Ariel Dinar
Publisher : Routledge
ISBN 13 : 1136238956
Total Pages : 281 pages
Book Rating : 4.1/5 (362 download)
Download or read book Analyzing Global Environmental Issues written by Ariel Dinar and published by Routledge. This book was released on 2013-03-05 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The existence of environmental dilemmas and political conflicts leads us to appreciate the need for individuals and groups to behave strategically in order to achieve their goals and maintain their wellbeing. Global issues such as climate change, resource depletion, and pollution, as well as revolts and protests against corporations, regimes, and other central authorities, are the result of increased levels of externalities among individuals and nations. These all require policy intervention at international and global levels. This book includes chapters by experts proposing game theoretical solutions and applying experimental design to a variety of social issues related to global and international conflicts over natural resources and the environment. The focus of the book is on applications that have policy implications, relevance and, consequently, could lead to the establishment of policy dialogue. The chapters in the book address issues that are global in nature, such as international environmental agreements over climate change, international water management, common pool resources, public goods, international fisheries, international trade, and collective action, protest, and revolt. The book’s main objective is to illustrate the usefulness of game theory and experimental economics in policy making at multiple levels and for various aspects related to global and international issues. The subject area of this book is already widely taught and researched, but it continues to gain popularity, given growing recognition that the environment and natural resources have become more strategic in human behavior.
