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Schumpeterian Behavior in a CPR Game: Experimental Evidence from Colombian Fisheries Under TURF’s Management

Author

Listed:
  • Arroyo-Mina José Santiago

    (Professor and Regional Project Manager, Universidad del Valle, Colombia)

  • Guerrero Daniel

    (Doctorate Student, Universitat Autonoma de Barcelona, Spain)

Abstract

This paper studies the behavior of Pacific-Colombian fishermen in a Common-Pool Resource game. The results show that decision-making depends on fishermen’s schooling, sex and last round payoffs. Focusing on individual information, we observe that human capital, measured in years of schooling, has a significant effect on decision-making. Specifically, players with higher schooling adjust their decisions towards on lower levels of harvest, leading closer to the cooperative solution. This behavior could be explained by the better-educated subjects’ improved understanding of the information available to them and possible coordination of efforts due to TURF-based management in the zone.

Suggested Citation

  • Arroyo-Mina José Santiago & Guerrero Daniel, 2018. "Schumpeterian Behavior in a CPR Game: Experimental Evidence from Colombian Fisheries Under TURF’s Management," Mediterranean Journal of Social Sciences, Sciendo, vol. 9(4), pages 109-119, July.
    • Handle: RePEc:vrs:mjsosc:v:9:y:2018:i:4:p:109-119:n:11
    DOI: 10.2478/mjss-2018-0120
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