Essays in Game Theory and Natural Resource Management

Game theory has recently become an indispensable tool
in environmental and resource economics because many
of the typical features of environmental problems can
be most adequately handled by means of game theoretic
notions and models. Game theory provides powerful new
tools to analyze externalities that occur in the
context of the management of natural resource assets.
This book is a collection of essays in game theory
and its applications in analyzing environmental
resource problems and their management. In this book,
a resource problem refers to situations characterized
by inefficient use of a resource, while resource
management is defined as the design of resource
allocation mechanisms, which leads to the efficient
use of the resource. The major focus of the essays in
game theory (Chapters 3, 4 and 5) is related to
coalitional games, whereas the main issue of
applications (Chapters 6 and 7) is related to
international fisheries management in the context of
the 1995 United Nations Agreement on the
Implementation of the UN Convention on the Law of the
Sea. The five essays are connected by the notion of
"fair" solution applied to achieve efficient use of
the resource.

Autorentext
BSc in Mathematics (Vietnam National University, Hanoi), MSc in Economics (Wageningen University) and PhD in Economics (Tilburg University). Before joining Massey University as a senior lecturer in Environmental and Resource Economics, she worked at Vietnam Academy Agricultural Sciences, Asian Institute of Technology (TL) and Tilburg University.

Klappentext
Game theory has recently become an indispensable tool in environmental and resource economics because many of the typical features of environmental problems can be most adequately handled by means of game theoretic notions and models. Game theory provides powerful new tools to analyze externalities that occur in the context of the management of natural resource assets. This book is a collection of essays in game theory and its applications in analyzing environmental resource problems and their management. In this book, a resource problem refers to situations characterized by inefficient use of a resource, while resource management is defined as the design of resource allocation mechanisms, which leads to the efficient use of the resource. The major focus of the essays in game theory (Chapters 3, 4 and 5) is related to coalitional games, whereas the main issue of applications (Chapters 6 and 7) is related to international fisheries management in the context of the 1995 United Nations Agreement on the Implementation of the UN Convention on the Law of the Sea. The five essays are connected by the notion of "fair" solution applied to achieve efficient use of the resource.