Game theory applications in natural resource management : review of evidence, problems and potential

Herath, Gamini 2006, Game theory applications in natural resource management : review of evidence, problems and potential, in Meeting on Game Theory and Practice Dedicated to Development, Natural Resources and the Environment, Instituto Agronomico Mediterraneo de Zaragoza, [Zaragoza, Spain].

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Title Game theory applications in natural resource management : review of evidence, problems and potential
Author(s) Herath, Gamini
Conference name Game Theory and Practice Dedicated to Development, Natural Resources and the Environment (6th : 2006 : Zaragoza, Spain)
Conference location Zaragoza, Spain
Conference dates 10-12 July 2006
Title of proceedings Meeting on Game Theory and Practice Dedicated to Development, Natural Resources and the Environment
Publication date 2006
Publisher Instituto Agronomico Mediterraneo de Zaragoza
Place of publication [Zaragoza, Spain]
Keyword(s) game theory
collective action
natural resource management
prisoners' dilemma
Summary Game theory is a rapidly advancing approach to structure and understand complex management problems in the natural resources sector in both the developed and developing countries. Many natural resource problems are complex due to common property and public goods characteristics. Despite these limitations many researchers have used game theory to analyze water shed management, irrigation water management, grazing land management, and managing other ecological resources. The prisoner’s dilemma game has been widely used. The work of Runge shows that collective action is feasible if a critical mass of people can cooperate. The use of game theory is hindered by lack of information, paucity of empirical applications and the lack of interest by policy makers who wish quick answers to critical policy issues. The potential still remains high for game theory to be productively used both in developing and developed countries.
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category E2 Full written paper - non-refereed / Abstract reviewed
Copyright notice ©2006, Instituto Agronomico Mediterraneo de Zaragoza
Persistent URL http://hdl.handle.net/10536/DRO/DU:30014625

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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