Threatening thresholds? The effect of disastrous regime shifts on the non-cooperative use of environmental goods and services

Aflaki, 2013, The effect of environmental uncertainty on the tragedy of the commons, Games Econ. Behav., 82, 240, 10.1016/j.geb.2013.07.011 Agbo, 2014, Strategic exploitation with learning and heterogeneous beliefs, J. Environ. Econ. Manag., 67, 126, 10.1016/j.jeem.2013.11.007 Anderies, 2002, Grazing management, resilience, and the dynamics of a fire-driven rangeland system, Ecosystems, 5, 23, 10.1007/s10021-001-0053-9 Barrett, 2013, Climate treaties and approaching catastrophes, J. Environ. Econ. Manag., 66, 235, 10.1016/j.jeem.2012.12.004 Barrett, 2012, Climate negotiations under scientific uncertainty, Proc. Natl. Acad. Sci., 109, 17372, 10.1073/pnas.1208417109 Bochet, 2013, Collective Dangerous Behavior: Theory and Evidence on Risk-Taking Boettiger, 2013, Tipping points: from patterns to predictions, Nature, 493, 157, 10.1038/493157a Bolton, 1999, Strategic experimentation, Econometrica, 67, 349, 10.1111/1468-0262.00022 Bonatti, 2015, Learning to Disagree in a Game of Experimentation Brozović, 2011, Optimal management of an ecosystem with an unknown threshold, Ecol. Econ., 70, 627, 10.1016/j.ecolecon.2010.10.001 Costello, 2004, Dynamic taxes and quotas with learning, J. Econ. Dyn. Control., 28, 1661, 10.1016/S0165-1889(03)00082-4 Crépin, 2009, Grazing games: sharing common property resources with complex dynamics, Environ. Resour. Econ., 44, 29, 10.1007/s10640-008-9258-0 Cropper, 1976, Regulating activities with catastrophic environmental effects, J. Environ. Econ. Manag., 3, 1, 10.1016/0095-0696(76)90009-7 Dekker, 2007, Coupling microscale vegetation-soil water and macroscale vegetation-precipitation feedbacks in semiarid ecosystems, Glob. Chang. Biol., 13, 671, 10.1111/j.1365-2486.2007.01327.x Dubins, 1965 Feldmann, 2015, Collapse of the west antarctic ice sheet after local destabilization of the Amundsen basin, Proc. Natl. Acad. Sci., 112, 14191, 10.1073/pnas.1512482112 Fesselmeyer, 2013, Strategic exploitation of a common resource under environmental risk, J. Econ. Dyn. Control., 37, 125, 10.1016/j.jedc.2012.06.010 Frank, 2005, Trophic cascades in a formerly cod-dominated ecosystem, Science, 308, 1621, 10.1126/science.1113075 Gerlagh, 2014, Carbon Prices for the Next Hundred Years, 10.2139/ssrn.2411429 Groeneveld, 2014, Repeated experimentation to learn about a flow-pollutant threshold, Environ. Resour. Econ., 58, 627, 10.1007/s10640-013-9713-4 Harsanyi, 1988 Harstad, 2012, Climate contracts: a game of emissions, investments, negotiations, and renegotiations, Rev. Econ. Stud., 79, 1527, 10.1093/restud/rds011 Harstad, 2013, Games and Resources, vol. 2, 299 Hjermann, 2004, Competition among fishermen and fish causes the collapse of Barents Sea capelin, Proc. Natl. Acad. Sci., 101, 11679, 10.1073/pnas.0402904101 Hoel, 1978, Resource extraction, uncertainty, and learning, Bell J. Econ., 9, 642, 10.2307/3003604 Keller, 2005, Strategic experimentation with exponential bandits, Econometrica, 73, 39, 10.1111/j.1468-0262.2005.00564.x Kemp, 1976, How to Eat a Cake of Unknown Size, 297 Kim, 1996, Equilibrium selection in n-person coordination games, Games Econ. Behav., 15, 203, 10.1006/game.1996.0066 Kossioris, 2008, Feedback Nash equilibria for non-linear differential games in pollution control, J. Econ. Dyn. Control., 32, 1312, 10.1016/j.jedc.2007.05.008 Koulovatianos, 2015, Strategic exploitation of a common-property resource under rational learning about its reproduction, Dyn. Games Appl., 5, 94, 10.1007/s13235-014-0113-3 Lemoine, 2014, Watch your step: Optimal policy in a tipping climate, Am. Econ. J. Econ. Pol., 6, 137, 10.1257/pol.6.1.137 Lenton, 2008, Tipping elements in the earth's climate system, Proc. Natl. Acad. Sci., 105, 1786, 10.1073/pnas.0705414105 Levhari, 1980, The great fish war: an example using a dynamic cournot-nash solution, Bell J. Econ., 11, 322, 10.2307/3003416 Maskin, 2001, Markov perfect equilibrium, I: observable actions, J. Econ. Theory, 100, 191, 10.1006/jeth.2000.2785 Miller, 2016, Coalition formation in fisheries with potential regime shift, J. Environ. Econ. Manag., 79, 189, 10.1016/j.jeem.2016.05.001 Mitra, 2006, Optimal exploitation of renewable resources under uncertainty and the extinction of species, Econ. Theory, 28, 1, 10.1007/s00199-005-0618-5 Nævdal, 2003, Optimal regulation of natural resources in the presence of irreversible threshold effects, Nat. Resour. Model., 16, 305, 10.1111/j.1939-7445.2003.tb00116.x Nævdal, 2007, The economics of the thermohaline circulation - a problem with multiple thresholds of unknown locations, Resour. Energy Econ., 29, 262, 10.1016/j.reseneeco.2007.01.003 Nash, 1953, Two-person cooperative games, Econometrica, 21, 128, 10.2307/1906951 Nordhaus, 2015, Climate clubs: overcoming free-riding in international climate policy, Am. Econ. Rev., 105, 1339, 10.1257/aer.15000001 Ploeg, 2015, Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon Ploeg, 2015, Non-cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-south Perspective Polasky, 2011, Optimal management with potential regime shifts, J. Environ. Econ. Manag., 62, 229, 10.1016/j.jeem.2010.09.004 Ren, 2014, The optimal management of renewable resources under the risk of potential regime shift, J. Econ. Dyn. Control., 40, 195, 10.1016/j.jedc.2014.01.006 Riley, 1983, Optimal selling strategies: when to haggle, when to hold firm, Q. J. Econ., 98, 267, 10.2307/1885625 Rob, 1991, Learning and capacity expansion under demand uncertainty, Rev. Econ. Stud., 58, 655, 10.2307/2297826 Sakamoto, 2014, A Dynamic Common-property Resource Problem with Potential Regime Shifts Scheffer, 2009, Early-warning signals for critical transitions, Nature, 461, 53, 10.1038/nature08227 Scheffer, 2001, Catastrophic shifts in ecosystems, Nature, 413, 591, 10.1038/35098000 Tavoni, 2011, Inequality, communication, and the avoidance of disastrous climate change in a public goods game, Proc. Natl. Acad. Sci., 108, 11825, 10.1073/pnas.1102493108 Tsur, 1994, Endangered species and natural resource exploitation: extinction vs. coexistence, Nat. Resour. Model., 8, 389, 10.1111/j.1939-7445.1994.tb00191.x van Damme, 1989, Renegotiation-proof equilibria in repeated prisoners' dilemma, J. Econ. Theory, 47, 206, 10.1016/0022-0531(89)90111-7