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Essays in Game Theory and Natural Resource Management. Edition No. 1
VDM Publishing House, Jan 2009, Pages: 164
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.
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