Group for Research in Decision Analysis

Dynamic games applied to common resources: modeling and experimentation

Mabel Tidball Université Montpellier 1, France

We study the exploitation behavior of two symmetrical farmers using groundwater table (extension of the paper of Rubio & Casino (2003)). We consider the equilibrium paths of the following types of behavior : myopic, feedback, open-loop and social optimum. We also studied the same model in discrete time. We test the behaviors using two different protocols in the laboratory (experimental economics) for both treatments in continuous and discrete time.

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