Table 3: Equilibrium and optimal... | Emerald Publishing

Table 3:

Equilibrium and optimal appropriations — No environmental damage.

	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	0.023	0.043	0.054	0.072	0.077	−0.003
θ = 3/10	0.086	0.070	0.130	0.161	0.216	0.231	−0.015
θ = 5/10	0.140	0.117	0.214	0.269	0.354	0.386	−0.032
θ = 7/10	0.190	0.164	0.300	0.376	0.490	0.540	−0.050
θ = 1	0.254	0.234	0.420	0.537	0.674	0.771	−0.097

	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	0.023	0.043	0.054	0.072	0.077	−0.003
θ = 3/10	0.086	0.070	0.130	0.161	0.216	0.231	−0.015
θ = 5/10	0.140	0.117	0.214	0.269	0.354	0.386	−0.032
θ = 7/10	0.190	0.164	0.300	0.376	0.490	0.540	−0.050
θ = 1	0.254	0.234	0.420	0.537	0.674	0.771	−0.097