The conflict between present and future consumption lies at the heart of resource dilemmas (RDs), yet the role of time has received little attention in this research area. Emphasis was on factors related to the social rather than the temporal conflict inherent in an RD. We propose a model that deals explicitly with the temporal distribution of outcomes. The model combines three basic elements: a simple algebraic model, representing the RD's payoff structure; a growth function, reflecting the autonomous growth of the resource pool; and a discount function, describing how the temporal distance of outcomes affects their perceived value. The model provides a comprehensive framework for understanding the role of temporal factors in RD situations...
SYNOPSIS. Variance in amount of rewards has been the focus of many studies and models of risk sensit...
A resource dilemma, a special case of a social dilemma, simulates a situation in which a group of in...
This paper investigates “asymmetries” between non-monetary gains and losses in intertemporal choice....
The conflict between present and future consumption lies at the heart of resource dilemmas (RDs), ye...
Time discounting makes cooperation in resource dilemma situations less probable. This paper develops...
Many environmental problems are resource dilemmas that con-tain two components–social and temporal–t...
Most common pool resource (CPR) dilemmas share two features: they evolve over time and they are mana...
Published online : 15 January 2014Most common pool resource (CPR) dilemmas share two features: they ...
The difference between the time scales of consumer and resource dynamics is a critical factor for th...
Nowadays time is the scarce resource for many consumers. Economists never deal with ‘time poverty’ e...
People make many decisions with consequences that are delayed, rather than immediate. Of particular ...
We develop a general theory of intertemporal choice: the reference-time theory, RT. RT is a synthesi...
Extant theories of intertemporal choice entangle two aspects of time preference: impatience and time...
Agents interacting on a body of water choose between technologies to catch fish. One is harmless to...
Agents interacting on a body of water choose between technologies to catch fish. One is harmless to ...
SYNOPSIS. Variance in amount of rewards has been the focus of many studies and models of risk sensit...
A resource dilemma, a special case of a social dilemma, simulates a situation in which a group of in...
This paper investigates “asymmetries” between non-monetary gains and losses in intertemporal choice....
The conflict between present and future consumption lies at the heart of resource dilemmas (RDs), ye...
Time discounting makes cooperation in resource dilemma situations less probable. This paper develops...
Many environmental problems are resource dilemmas that con-tain two components–social and temporal–t...
Most common pool resource (CPR) dilemmas share two features: they evolve over time and they are mana...
Published online : 15 January 2014Most common pool resource (CPR) dilemmas share two features: they ...
The difference between the time scales of consumer and resource dynamics is a critical factor for th...
Nowadays time is the scarce resource for many consumers. Economists never deal with ‘time poverty’ e...
People make many decisions with consequences that are delayed, rather than immediate. Of particular ...
We develop a general theory of intertemporal choice: the reference-time theory, RT. RT is a synthesi...
Extant theories of intertemporal choice entangle two aspects of time preference: impatience and time...
Agents interacting on a body of water choose between technologies to catch fish. One is harmless to...
Agents interacting on a body of water choose between technologies to catch fish. One is harmless to ...
SYNOPSIS. Variance in amount of rewards has been the focus of many studies and models of risk sensit...
A resource dilemma, a special case of a social dilemma, simulates a situation in which a group of in...
This paper investigates “asymmetries” between non-monetary gains and losses in intertemporal choice....