Table 2: Equilibrium and optimal... | Emerald Publishing

Table 2:

Equilibrium and optimal appropriations — Benchmark.

	Second Period		Third Period		Aggregate appropriation
Stock, θ	$x_{i}^{*}$	$x_{i}^{S O}$	$q_{i}^{*}$	$q_{i}^{S O}$	$x_{i}^{} + q_{i}^{}$	$x_{i}^{S O} + q_{i}^{S O}$	$(x_{i}^{} + q_{i}^{}) - (x_{i}^{S O} + q_{i}^{S O})$
θ = 1/10	0.029	0.024	0.043	0.048	0.072	0.072	0.000
θ = 3/10	0.086	0.072	0.130	0.123	0.216	0.195	0.021
θ = 5/10	0.140	0.116	0.214	0.18	0.354	0.296	0.058
θ = 7/10	0.190	0.154	0.300	0.223	0.490	0.377	0.113
θ = 1	0.254	0.201	0.420	0.274	0.674	0.475	0.199

	Second Period		Third Period		Aggregate appropriation
Stock, θ	$x_{i}^{*}$	$x_{i}^{S O}$	$q_{i}^{*}$	$q_{i}^{S O}$	$x_{i}^{} + q_{i}^{}$	$x_{i}^{S O} + q_{i}^{S O}$	$(x_{i}^{} + q_{i}^{}) - (x_{i}^{S O} + q_{i}^{S O})$
θ = 1/10	0.029	0.024	0.043	0.048	0.072	0.072	0.000
θ = 3/10	0.086	0.072	0.130	0.123	0.216	0.195	0.021
θ = 5/10	0.140	0.116	0.214	0.18	0.354	0.296	0.058
θ = 7/10	0.190	0.154	0.300	0.223	0.490	0.377	0.113
θ = 1	0.254	0.201	0.420	0.274	0.674	0.475	0.199