Commons without Tragedy: Sampling Dynamics and Cooperative Resource Extraction
AbstractThis paper reconsiders evidence from experimental common pool resource games from the perspective of a dynamic model of sampling. Despite being parameter-free, the model is able to replicate some striking features of the data: monotonic frequency distributions, the persistent use of strictly dominated actions, and stable heterogeneity in choices. We argue that these patterns cannot be fully accounted for by existing theories based on other-regarding preferences and norms, and that the dynamics of sampling provide a useful complementary explanation for behavior in social dilemmas.
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Date of creation: 10 Sep 2013
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Common Pool Resources; Experiments; Sampling Equilibrium;
Find related papers by JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-07-21 (All new papers)
- NEP-ENV-2014-07-21 (Environmental Economics)
- NEP-EVO-2014-07-21 (Evolutionary Economics)
- NEP-EXP-2014-07-21 (Experimental Economics)
- NEP-GTH-2014-07-21 (Game Theory)
- NEP-SOC-2014-07-21 (Social Norms & Social Capital)
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