Abstract
The Common Pool Resource (CPR) dilemma game is a single-stage noncooperative game in which n players share a CPR whose size, X, is a random variable with a commonly known probability distribution. We present the equilibrium solutions for CPR games in which X has a uniform distribution, players have power utility functions with a common parameter, c, and requests are made simultaneously or sequentially. Two experiments using groups of n = 5 players provide support for the major qualitative predictions of the model.
| Original language | English |
|---|---|
| Pages (from-to) | 171-201 |
| Number of pages | 31 |
| Journal | Games and Economic Behavior |
| Volume | 10 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jul 1995 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics