Identities in the Commons: The Dynamics of Norms and Social Capital
AbstractThis paper provides a formal analysis of the evolution of cooperation in the management of common property resources. We develop a dynamic model that includes moral norms or a sense of 'identity,' and show that cooperation may but need not be an equilibrium outcome in the absence of intervention by a managing agency or punishment by peers. We demonstrate that outside intervention has ambiguous effects when identity matters it may reduce welfare of the agents harvesting the stock.
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Bibliographic InfoArticle provided by De Gruyter in its journal The B.E. Journal of Economic Analysis & Policy.
Volume (Year): 10 (2010)
Issue (Month): 1 (February)
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Web page: http://www.degruyter.com
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- Andries Richter & Johan Grasman, 2013. "The Transmission of Sustainable Harvesting Norms When Agents Are Conditionally Cooperative," Working Papers 2013.80, Fondazione Eni Enrico Mattei.
- Richter, Andries & van Soest, Daan & Grasman, Johan, 2013.
"Contagious cooperation, temptation, and ecosystem collapse,"
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- Andries Richter & Daan van Soest & Johan Grasman, 2013. "Contagious Cooperation, Temptation, and Ecosystem Collapse," Working Papers 2013.36, Fondazione Eni Enrico Mattei.
- Nøstbakken, Linda, 2013. "Formal and informal quota enforcement," Resource and Energy Economics, Elsevier, vol. 35(2), pages 191-215.
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