Game Theory Approach for Economic Cooperation and Sustainable Development: Optimization South Pars – North Dome Field between Iran and Qatar

Siab Mamipour


Kharazmi University (Iran, Islamic Republic of)

Mohammad Hadi Sobhanian


Kharazmi University (Iran, Islamic Republic of)

Sattar Salimian


Kharazmi University (Iran, Islamic Republic of)

Salah Salimian

salahsalimian@yahoo.com
Urmia University (Iran, Islamic Republic of)

Abstract

Cooperation between countries in the exploitation of common natural resources such as oil and gas contributes to the optimization of resources, prevention of unsustainable extraction, promotion of long-term resource sustainability, strengthening diplomatic relations, and promoting peace, playing a significant role in the economic growth of countries. This research presents a modeling of the extraction of interested countries from a common resource using triangular distribution and game theory approach. The modeling is designed based on the share of the parties in the common resource and the extraction capability (in terms of the sanction factor). The results indicate that the extraction level of each country from the common resource depends on both the share of the interested parties and the level of sanction imposed on them. Moreover, if a sanction is imposed on one or both countries, a portion of the resources will not be extracted. Among the most important results, we can point out that only if the amount of sanctions is very severe, then the extraction of resources for Iran has no economic justification.


Keywords:

game theory, Common natural resource, sanctions, triangular distribution

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Published
2024-07-01

Cited by

Mamipour, S., Sobhanian, M. H., Salimian, S., & Salimian, S. (2024). Game Theory Approach for Economic Cooperation and Sustainable Development: Optimization South Pars – North Dome Field between Iran and Qatar. Problemy Ekorozwoju, 19(2), 279–292. https://doi.org/10.35784/preko.6111

Authors

Siab Mamipour 

Kharazmi University Iran, Islamic Republic of

Authors

Mohammad Hadi Sobhanian 

Kharazmi University Iran, Islamic Republic of

Authors

Sattar Salimian 

Kharazmi University Iran, Islamic Republic of

Authors

Salah Salimian 
salahsalimian@yahoo.com
Urmia University Iran, Islamic Republic of

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