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Communication dans un congrès

Substitute common-pool resources in a dynamic framework: an experimental study

Abstract : We extend the work of Herr A., Gardner R. and Walker J.M. (“An Experimental Study of Time-Independent and Time-Dependent Externalities in the Commons” in Games and Economic Behaviour, 19, p. 77-96), by studying an N-person discrete-time deterministic dynamic game of T periods fixed duration. The objective function is stage-additive and depends on a state variable, whose dynamic evolution is linked to past decisions of all players. The baseline treatment consists of a time dependent situation. The players have to decide whether to use a private good or, by paying a lump-sum fee, to extract on one of two imperfectly substitute Common-Pool Resources. Two kinds of externalities are considered (i) within period externality; and (ii) across period externality. In a first treatment, we consider only across period externalities. In a second treatment, both types of externalities are considered. The observations are confronted to three benchmark outcomes corresponding to distinct behavioural assumptions: (a) sub-game perfection, (b) joint payoff maximization, and (c) myopic behaviour.
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Communication dans un congrès
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Déposant : Migration Prodinra <>
Soumis le : dimanche 7 juin 2020 - 05:08:10
Dernière modification le : mercredi 1 juillet 2020 - 12:38:10


  • HAL Id : hal-02830491, version 1
  • PRODINRA : 34796


Gaston Giordana, Marc Willinger, . Economic Science Association. Substitute common-pool resources in a dynamic framework: an experimental study. 2005 European ESA regional meeting, Sep 2005, Alessandria, Italy. n.p. ⟨hal-02830491⟩



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