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Common Pool Resources - Strategic Behavior, Inefficiencies, and Incomplete Information (Paperback)
Loot Price: R1,159
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Common Pool Resources - Strategic Behavior, Inefficiencies, and Incomplete Information (Paperback)
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Common Pool Resources include, for instance, fishing grounds,
irrigation systems, forests and the atmosphere. Now more than ever,
how we responsibly share and use those goods is a vital issue. This
textbook introduces students of economics, business and policy
studies to the key issues in the field. It uses a game-theory
approach to help readers understand the mathematical representation
of how to find equilibrium behavior in CPRs, how to identify the
socially optimal appropriation, and how to measure the
inefficiencies that arise. Algebra and calculus steps are clearly
explained, so students can more easily reproduce the analysis and
apply it in their own research. Finally, the book also summarizes
experimental studies that tested theoretical results in controlled
environments, introducing readers to a literature that has expanded
over the last decades, and provides references for further reading.
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