Regulation and Evolution of Compliance in Common Pool Resources
AbstractThe paper jointly models the evolution of compliance with regulation and the evolution of a CPR stock, by combining replicator dynamics describing compliance with harvesting rules, with resource stock dynamics. This evolutionary approach suggests that coexistence, in long run equilibrium, of both cooperative and non-cooperative rules under regulation is possible. Stock effects on profits and a certain structure of auditing probabilities could imply the emergence of a limit cycle in areas of low stock levels, as an equilibrium outcome for compliance and the biomass stock. It might be easier for the regulator to obtain full compliance under precommitment to fixed auditing probabilities.
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Bibliographic InfoPaper provided by University of Crete, Department of Economics in its series Working Papers with number 0312.
Length: 28 pages
Date of creation:
Date of revision:
Common pool resources (CPR); harvesting; regulation; replicator dynamics; compliance;
Other versions of this item:
- Anastasios Xepapadeas, 2005. "Regulation and Evolution of Compliance in Common Pool Resources," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(3), pages 583-599, 09.
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-11-18 (All new papers)
- NEP-ENV-2006-11-18 (Environmental Economics)
- NEP-EVO-2006-11-18 (Evolutionary Economics)
- NEP-REG-2006-11-18 (Regulation)
- NEP-RES-2006-11-18 (Resource Economics)
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.:
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