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On Limits to the Use of Linear Markov Strategies in Common Property Natural Resource Games
(Université de Montréal. Département de sciences économiques., 2005)
We derive conditions that must be satisfied by the primitives of the problem in order for an equilibrium in linear Markov strategies to exist in some common property natural resource differential games. These conditions ...
N’oublions pas le futur. Valeurs, justice et taux d’actualisation
(Centre de recherche en éthique, 2018-02-19)
The consequences of discounting are often disputed, for various motives, such as the overexploitation of natural resources or the transmission of an unacceptable level of pollution to the future generations. It is then ...
Natural-Resource Exploitation with Costly Enforcement of Property Rights
(Université de Montréal. Département de sciences économiques., 1997)
This paper proposes a model of natural-resource exploitation when private ownership requires costly enforcement activities. For a given wage rate, it is shown how enforcement costs can increase with labor's average ...