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

conference contribution
posted on 2006-01-01, 00:00 authored by Mudiyanselage Herath
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.

History

Event

Game Theory and Practice Dedicated to Development, Natural Resources and the Environment (6th : 2006 : Zaragoza, Spain)

Publisher

Instituto Agronomico Mediterraneo de Zaragoza

Location

Zaragoza, Spain

Place of publication

[Zaragoza, Spain]

Start date

2006-07-10

End date

2006-07-12

Language

eng

Publication classification

E2 Full written paper - non-refereed / Abstract reviewed

Copyright notice

2006, Instituto Agronomico Mediterraneo de Zaragoza

Title of proceedings

Meeting on Game Theory and Practice Dedicated to Development, Natural Resources and the Environment

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