A Paradox of Environmental Awareness Campaigns
نویسندگان
چکیده
We build a workable game of common-property resource extraction under rational Bayesian learning about the renewal prospects of a resource. We uncover the impact of exogenously shifting the prior beliefs of each player on the response functions of others. What we nd about the role of environmental conservation campaigns is paradoxical. To the extent that such campaigns instill overly high pessimism about the potential of natural resources to reproduce, they create anti-conservation incentives: anyone having exploitation rights becomes inclined to consume more of the resource earlier, before others overexploit, and before the resources stock is reduced to lower levels. Keywords: renewable resources, resource exploitation, non-cooperative dynamic games, Bayesian learning, stochastic games, commons, rational learning, uncertainty, beliefs JEL classi cation: D83, D84, C72, C73, O13, Q20, Q50, L70, O12 *University of Nottingham, CFS, and CFCM. I thank Ramon Marimon, Daniel Seidmann, and Marc Santugini for useful discussions and suggestions. Corresponding address: School of Economics, University of Nottingham, The Sir Clive Granger Building, Room B48, University Park, PF H32, Nottingham, NG7 2RD, United Kingdom, email: [email protected], Phone: ++44-(0)115-84-67472, Fax: +44-(0)115-951-4159. 1
منابع مشابه
Municipal solid waste collection and management strategies in Akure, South-Western Nigeria
Municipal Solid Waste Management (MSWM) has become the greatest problem facing many urban and semi-urban areas in Nigeria, although to varying degrees. This study suggests the various steps and approaches to combat the menace in Akure in the southwest zone of Nigeria. Such approaches include creation of special agencies for the collection, recycling and conversion of Municipal Solid Waste (MSW)...
متن کاملGood and Bad Increases in Ecological Awareness: Environmental Differentiation Revisited∗
We analyze a vertically differentiated market, assuming that conventional and green firms’ products have different impacts on the environment. Heterogeneous consumers choose to be supplied by a conventional or a green firm, depending on their extra willingness to pay for a green product and the relative prices of the products in the market. We show that environmental awareness campaigns may hav...
متن کاملBertrand’s Paradox Revisited: More Lessons about that Ambiguous Word, Random
The Bertrand paradox question is: “Consider a unit-radius circle for which the length of a side of an inscribed equilateral triangle equals 3 . Determine the probability that the length of a ‘random’ chord of a unit-radius circle has length greater than 3 .” Bertrand derived three different ‘correct’ answers, the correctness depending on interpretation of the word, random. Here we employ geomet...
متن کاملUnderstating the model of consumer response to cause related marketing campaigns; a tool for catching people`s participation through companies
INTRODUCTION: As social and environmental problems is rapidly increasing, social responsibility is increasingly being more important. Now, worldwide profit and nonprofit organizations such as Red Cross Society are paying more attention to differentiate or improve their brands as well as the level of participations by charity-marketing campaigns. This study aimed to explore comprehensive factors...
متن کامل