Dynamic common-property games are hard to solve. We develop computational methods for finding their equilibria and apply them to village forest management problems.

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Abstract

We develop computational methods for finding the equilibria of dynamic games in which multiple agents exploit a common-pool resource. These methods allow us to characterize the set of subgame-perfect equilibria for a class of common property resource games, including games with heterogeneous players and asymmetric information.

BibTeX

@Article{	  ligon-narain97,
  author	= {Ethan Ligon and Urvashi Narain},
  title		= {Computing the Equilibria of Dynamic Common Property
                Games},
  journal	= {Natural Resource Modeling},
  year		= 1997,
  volume	= 10,
  number	= 4,
  pages		= {345--369}
}