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Trade, Tragedy, and the Commons

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Author Info
Brian R. Copeland
M. Scott Taylor

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Abstract

We develop a theory of resource management where the degree to which countries escape the tragedy of the commons, and hence the de facto property rights regime, is endogenously determined. Three forces determine success or failure in resource management: the regulator's enforcement power, the extent of harvesting capacity, and the ability of the resource to generate competitive returns without being extinguished. The model can explain heterogeneity across countries and resources in the effectiveness of resource management, and it predicts that changes in prices, population, and technology can cause transitions to better or worse management regimes. (JEL P14, Q21, Q22, Q23, Q32)

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File URL: http://hdl.handle.net/10.1257/aer.99.3.725
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Publisher Info
Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 99 (2009)
Issue (Month): 3 (June)
Pages: 725-49
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Handle: RePEc:aea:aecrev:v:99:y:2009:i:3:p:725-49

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Brander, James A. & Scott Taylor, M., 1997. "International trade between consumer and conservationist countries," Resource and Energy Economics, Elsevier, vol. 19(4), pages 267-297, November. [Downloadable!] (restricted)
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  2. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-44, June. [Downloadable!] (restricted)
  3. Edward B. Barbier, 2002. "Institutional Constraints and Deforestation: An Application to Mexico," Economic Inquiry, Oxford University Press, vol. 40(3), pages 508-519, July.
  4. Mason, Charles F & Polasky, Stephen, 1994. "Entry Deterrence in the Commons," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(2), pages 507-25, May. [Downloadable!] (restricted)
  5. Calvo, Guillermo A & Obstfeld, Maurice, 1988. "Optimal Time-Consistent Fiscal Policy with Finite Lifetimes," Econometrica, Econometric Society, vol. 56(2), pages 411-32, March. [Downloadable!] (restricted)
  6. Elinor Ostrom, 2000. "Collective Action and the Evolution of Social Norms," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 137-158, Summer. [Downloadable!] (restricted)
  7. Chichilnisky, Graciela, 1994. "North-South Trade and the Global Environment," American Economic Review, American Economic Association, vol. 84(4), pages 851-74, September. [Downloadable!] (restricted)
  8. McCarthy, Nancy & Sadoulet, Elisabeth & de Janvry, Alain, 2001. "Common Pool Resource Appropriation under Costly Cooperation," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 297-309, November. [Downloadable!] (restricted)
  9. Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-37, October. [Downloadable!] (restricted)
  10. Deacon, R.T., 1993. "Deforestation and the Rule of Law in a Cross Section of Countries," University of California at Santa Barbara, Economics Working Paper Series 11-93, Department of Economics, UC Santa Barbara.
  11. James A. Brander & M. Scott Taylor, 1997. "International Trade and Open-Access Renewable Resources: The Small Open Economy Case," Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 526-52, August. [Downloadable!] (restricted)
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  12. Seabright, Paul, 1993. "Managing Local Commons: Theoretical Issues in Incentive Design," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 113-34, Fall. [Downloadable!] (restricted)
  13. Place, Frank & Otsuka, Keijiro, 2001. "Population, Tenure, and Natural Resource Management: The Case of Customary Land Area in Malawi," Journal of Environmental Economics and Management, Elsevier, vol. 41(1), pages 13-32, January. [Downloadable!] (restricted)
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  1. repec:bep:eaptop:v:6:y:2006:i:1:p:1515-1515 is not listed on IDEAS
  2. Erwin Bulte & Edward Barbier, 2005. "Trade and Renewable Resources in a Second Best World: An Overview," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 30(4), pages 423-463, 04. [Downloadable!] (restricted)
  3. M. Scott Taylor, 2007. "Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison," NBER Working Papers 12969, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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