Group for Research in Decision Analysis

Equilibrium analysis for common-pool resources

Roberta Messalli Università Degli Studi Di Napoli Federico II, Italy

An aggregative game to describe investment decision making situations for a Common-Pool Resource is presented: a non-cooperative approach, searching a Nash equilibrium of it, as well as a cooperative one, searching a fully cooperative equilibrium, are considered.

An application in the Environmental Economics will be illustrated and, in this context, it will be introduced a threshold investment as a random variable. The resulting stochastic aggregative game is studied, looking for a Nash equilibrium and a fully cooperative equilibrium.

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