Grazing games: Sharing common property resources with complex dynamics

  • Crépin A
  • Lindahl T
  • 37

    Readers

    Mendeley users who have this article in their library.
  • 18

    Citations

    Citations of this article.

Abstract

Grasslands used for domestic livestock are often the common property of several owners and are typically characterized by complex ecosystem dynamics.We account for both these aspects by modeling the problem as a differential game where each farmer maximizes profits, given the dynamics of livestock and grass interaction.We compare the first best out- come obtainedwhen farmers cooperate with that for non-cooperative farmers.By accounting for grassland dynamics, we challenge conventional results from the common pool literature. Although we do identify situations where the standard result holds—a tragedy of the com- mons unless farmers cooperate—we also find examples where a tragedy is exacerbated due to ecosystem dynamics as well as cases where a non-cooperative regime under-exploits the grassland compared to the first best outcome.

Author-supplied keywords

  • Common pool resources
  • Common property
  • Complex ecosystem dynamics
  • Differential games
  • Grasslands
  • Multiple equilibria

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

  • Anne Sophie Crépin

  • Therese Lindahl

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free