On shared use of renewable stocks

• Published in: European Journal of Operational Research
• Main Authors: Ekerhovd, Nils-Arne, Flåm, Sjur Didrik, Steinshamn, Stein Ivar
• Format: Article in Journal/Newspaper
• Language: English
• Published: Elsevier 2020
• Subjects: Middle Ground; North East Atlantic
• Online Access: https://hdl.handle.net/11250/2739642; https://doi.org/10.1016/j.ejor.2020.08.052

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. Motivation stems from shared use of...