Ambiguity, social opinion and the use of common property resources

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2011
Volume: 80
Issue: 1
Pages: 210-222

Authors (2)

Diamantaras, Dimitrios (Temple University) Gilles, Robert P. (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper we argue that ambiguity, combined with social opinion formation, can be used as the foundation of a game-theoretic equilibrium concept that transcends the standard Nash equilibrium concept, applied to a model of the tragedy of the commons. Our approach sheds light on the international environmental crisis and the relevant ongoing international negotiations. We conclude that social opinion formation in most cases has a significant impact on equilibrium common property resource usage.

Technical Details

RePEc Handle
repec:eee:jeborg:v:80:y:2011:i:1:p:210-222
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25