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Keywords: Potential games
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Journal Articles
Strategic Behavior and the Environment (2017) 6 (4): 311–338.
Published: 29 November 2017
... level of resource use is higher than the socially optimal level. In extreme cases, unlimited entry can lead to the collapse of the resource and the communities that depend on it. In this paper we use potential games to analyze the relation between costs of entry, costs of production, and the equilibrium...
