Open AccessGAME‐THEORETIC RESOURCE MODELING
Author(s) -
MestertonGibbons Michael
Publication year - 1993
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.1993.tb00143.x
Subject(s) - externality , multitude , resource (disambiguation) , commons , game theory , field (mathematics) , common pool resource , resource management (computing) , strategic interaction , management science , economics , environmental resource management , environmental economics , microeconomics , computer science , ecology , political science , computer network , mathematics , pure mathematics , law , biology
Games—mathematical models of strategic interaction—embrace a multitude of disciplines, in each of which they form a largely separate field of study with its own traditions and priorities. Game‐theoretic resource modeling concerns itself primarily with strategic aspects of externalities arising from joint use of the commons, although it also deals with externalities of privately owned resources and with questions of fairness in allocating shared resource costs. This essay surveys resource games—in fisheries, forestry, water resources and environmental regulation—within a novel unifying framework, assesses their contribution to current understanding of resource issues, and indicates their promise for the future.