Before revision:   Solving analytically, we show that a negative regime shift induces an aggressive extraction behaviour due to shorter detectionperiods, creating a sense of urgency, and higher markup in prices . Precautionary behaviour can result due to decreasing resource rent.
After revision:  Encapsulating the idea of environmental surveillance, the use of quickest detection method allows us to easily translate our framework to real-time detection. Solving analytically, we show that a negative regime shift induces an aggressive extraction behaviour due to shorter detectionperiods, creating a sense of urgency, and higher markup in prices . Precautionary behaviour can result due to decreasing resource rent.