TABLE A5

Expected Payoffs under the Social Planner, Noncooperative, and Cooperative Solutions, Case Where Disease Starts in GH

SettingSolution Strategy Pairs: GH, GLExpected Payoffsa
ENPVH; ENPVLENPVT
SimultaneousImNS, ImNS5, 7681
Sequential, GL moves firstImNS, ImNS5, 7681
Sequential, GH moves firstImNS, ImNS5, 7681
  • a Expectations are obtained from 1,000 simulations over 50 years. Payoffs are in thousands of dollars /acre and are computed for the baseline prices pH = $5,058/ton and pL = $726/ton.