Abstract— Land subsidence caused by groundwater overdraft has been a severe problem in most developing economies, such as Taiwan. Groundwater is a renewable resource that can be depleted by overdraft, and it is also a common resource which incites overdraft. To alleviate the overdraft problem, we set up a decentralized game-theoretical common resource utilization model. In this model, we examine the self-enforcing factors and the condition of getting a cooperative outcome hence we might be able to alleviate the overdraft problem.
Keywords— Common resource, Non-cooperative utilization, Overdraft, Renewable resource, Social optimum.
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