Bi-weekly Seminar Series
Jiong Gong (University of Business and Economics (UIBE), Beijing) - The Tradeoff of the Commons under Stochastic Use
Date and Time: February 26th 2016, 10:00 - 11:00 am
Room: A101 in the Economics Building (Museum)
We develop a model of scarce renewable resources to study the problem of the commons. Our model formulation divers from the existing literature in that it assumes the use of the commons to be stochastic in nature. One example is microwave spectrum fro mobile and wireless communications.
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