Advanced Search
MyIDEAS: Login

A Ricardian model of the tragedy of the commons

Contents:

Author Info

  • Lasserre, Pierre
  • Soubeyran, Antoine

Abstract

This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex with respect his actions so that individuals specialize. Consequently, in equilibrium, the economy is divided into at most two homogenous groups: encroachers and producers. The partition obeys a relative advantage criterion. Several equilibria may exist. The tragedy of the commons equilibrium without production always does; the Pareto optimal allocation of activities may not be an equilibrium. We show that minute changes in property right enforcement may lead to drastic improvements for society. We argue that, in convex games such as this paper's role choice game, bounded rationality is a natural assumption, and the concept of local Nash equilibrium is the natural analytical tool to handle it. Nous étudions la tragédie des richesses communes dans un cadre où des agents qui diffèrent par leurs capacités productives et par leurs aptitudes à la prédation, choisissent d'allouer leur temps entre ces deux activités. Sous des hypothèses peu restrictives sur les technologies, les revenus attendus d'un agent sont convexes par rapport à ses actions, si bien que les individus se spécialisent et que la société se divise, à l'équilibre, en deux groupes au maximum: les prédateurs et les producteurs. La répartition s'opère selon un critère d'avantage comparatif. Il y a plusieurs équilibres. La tragédie des richesses communes (aucun producteur) est toujours l'un d'eux; l'allocation Pareto optimale pas toujours. Nous montrons que des changements mineurs dans la mise en vigueur des droits de propriété peuvent mener à des améliorations majeures pour la société. Les jeux convexes tels celui-ci appellent l'hypothèse de rationalité limitée; nous introduisons un conce

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6V8F-45DF9MY-1/2/b01166b0199bebc31dd55daa88fcae0b
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 50 (2003)
Issue (Month): 1 (January)
Pages: 29-45

as in new window
Handle: RePEc:eee:jeborg:v:50:y:2003:i:1:p:29-45

Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

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.:
as in new window
  1. Arye Hillman & Ngo Van Long & Antoine Soubeyran, 2000. "Protection, Lobbying, and Market Structure," CIRANO Working Papers 2000s-12, CIRANO.
  2. Vislie, Jon, 1994. "Efficiency and equilibria in complementary teams," Journal of Economic Behavior & Organization, Elsevier, vol. 23(1), pages 83-91, January.
  3. Nitzan, Shmuel, 1994. "Modelling rent-seeking contests," European Journal of Political Economy, Elsevier, vol. 10(1), pages 41-60, May.
  4. CHANDER, Parkash & TULKENS, Henry & VAN YPERSELE, Jean - Pascal & WILLEMS, Stefane, 1999. "The Kyoto protocol: an economic and game theoretic interpretation," CORE Discussion Papers 1999025, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. R. Dornbusch & S. Fischer & P. A. Samuelson, 1976. "Comparative Advantage, Trade and Payments in a Ricardian Model With a Continuum of Goods," Working papers 178, Massachusetts Institute of Technology (MIT), Department of Economics.
  6. GABSZEWICZ, Jean J. & GRAZZINI, Lisa, . "Taxing market power," CORE Discussion Papers RP -1422, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  7. Weitzman, Martin L., 1974. "Free access vs private ownership as alternative systems for managing common property," Journal of Economic Theory, Elsevier, vol. 8(2), pages 225-234, June.
  8. Dasgupta, Ani & Nti, Kofi O., 1998. "Designing an optimal contest," European Journal of Political Economy, Elsevier, vol. 14(4), pages 587-603, November.
  9. Lueck, Dean, 1994. "Common property as an egalitarian share contract," Journal of Economic Behavior & Organization, Elsevier, vol. 25(1), pages 93-108, September.
  10. de Meza, David & Gould, J R, 1992. "The Social Efficiency of Private Decisions to Enforce Property Rights," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 561-80, June.
  11. repec:fth:louvco:9925 is not listed on IDEAS
  12. Lu, Ding, 1994. "The entrepreneurs who do both: Production and rent-seeking," Journal of Economic Behavior & Organization, Elsevier, vol. 23(1), pages 93-98, January.
  13. Brander, James A & Taylor, M Scott, 1998. "The Simple Economics of Easter Island: A Ricardo-Malthus Model of Renewable Resource Use," American Economic Review, American Economic Association, vol. 88(1), pages 119-38, March.
  14. Chander, Parkash & Tulkens, Henry, 1994. "The Core of an Economy With Multilateral Environmental Externalities," Working Papers 886, California Institute of Technology, Division of the Humanities and Social Sciences.
  15. repec:fth:louvco:9848 is not listed on IDEAS
  16. Fender, John, 1999. "A general equilibrium model of crime and punishment," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 437-453, July.
  17. Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986. "On the private provision of public goods," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February.
  18. Ito, Masaru & Saijo, Tatsuyoshi & Une, Masashi, 1995. "The Tragedy of the Commons revisited Identifying behavioral principles," Journal of Economic Behavior & Organization, Elsevier, vol. 28(3), pages 311-335, December.
  19. Roemer John E. & Silvestre Joaquim, 1993. "The Proportional Solution for Economies with Both Private and Public Ownership," Journal of Economic Theory, Elsevier, vol. 59(2), pages 426-444, April.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. David Croix & Davide Dottori, 2008. "Easter Island’s collapse: a tale of a population race," Journal of Economic Growth, Springer, vol. 13(1), pages 27-55, March.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:50:y:2003:i:1:p:29-45. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.