We introduce a multi-objective discrete-time competitive model of renewable resource extraction in which the standard economic objective is supplemented with an environmental one. Non-cooperative and cooperative solutions in feedback strategies are derived and compared with the solutions established for a standard single-criterion dynamic game.
Original languageEnglish
Article number111078
JournalEconomics Letters
Volume226
Early online date21 Mar 2023
DOIs
StatePublished - 1 May 2023

    Scopus subject areas

  • Applied Mathematics
  • Economics and Econometrics

    Research areas

  • Renewable resource extraction, multi-objective game, Pareto equilibria, Subgame-perfect equilibrium, cooperative solution, Cooperative solution, Multi-objective game

ID: 104113090