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Instantaneous Gratification and Common Property Resource Games

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dc.contributor Marín Solano, Jesús
dc.contributor Navas, Jorge
dc.creator Ferreira Pombinho, André Reis
dc.date 2017-07-13T16:06:36Z
dc.date 2017-07-13T16:06:36Z
dc.date 2017
dc.date.accessioned 2024-12-16T10:24:40Z
dc.date.available 2024-12-16T10:24:40Z
dc.identifier http://hdl.handle.net/2445/113760
dc.identifier.uri http://fima-docencia.ub.edu:8080/xmlui/handle/123456789/18104
dc.description Treballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2016-2017, Tutors : Jesús Marín Solano ; Jorge Navas Ródenes
dc.description We compute the cooperative and noncooperative solutions for sophisticated agents with Instantaneous-Gratification discounting in infinite horizon, as an extension of the work of Harris & Laibson (2013) and Zou, Chen & Wedge (2014). This research contributes to the existing literature to the extent that we compute multi-agent sophisticated solutions with Instantaneous-Gratification discounting in infinite time, and we place the results of the Instantaneous-Gratification model in context of the management of renewable natural resources. The conclusions withdrawn are applicable for resources of any kind and are suitable for settings where the temporal horizon is unlimited, but the duration of the short-run is large enough to dodge the future. The discussion of this work is useful for policy implementation towards exploitation of renewable natural resources under different forms of ownership.
dc.format 36 p.
dc.format application/pdf
dc.language eng
dc.rights cc-by-nc-nd (c) Ferreira Pombinho, 2017
dc.rights http://creativecommons.org/licenses/by-nc-nd/3.0/es
dc.rights info:eu-repo/semantics/openAccess
dc.source Màster Oficial - Economia
dc.subject Teoria de jocs
dc.subject Jocs diferencials
dc.subject Processos infinits
dc.subject Recursos naturals
dc.subject Treballs de fi de màster
dc.subject Game theory
dc.subject Differential games
dc.subject Infinite processes
dc.subject Natural resources
dc.subject Master's theses
dc.title Instantaneous Gratification and Common Property Resource Games
dc.type info:eu-repo/semantics/masterThesis


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