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The tragedy of commons and free mobility

Author

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  • Dolgorsuren Dorj

    (University of Hawaii at Manoa)

Abstract

We characterize free mobility equilibrium in a common pool resource setting with two localities. We find that adopting a decentralized management in just one locality increases agents' welfare not only in the regulated locality but in the unregulated locality as well.

Suggested Citation

  • Dolgorsuren Dorj, 2011. "The tragedy of commons and free mobility," Economics Bulletin, AccessEcon, vol. 31(1), pages 9-16.
    • Handle: RePEc:ebl:ecbull:eb-10-00103
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    More about this item

    Keywords

    Common dilemmas; Sanctions; Free mobility.;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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