Comparing regulations to protect the commons: an experimental investigation
AbstractIn a laboratory experiment we test the three regulations imposed on a common-pool resource game with heterougeneous users: an access fee and subsidy scheme, transferable quotas and non transferable quotas? We calibrate the game so that all regulations improve users' profits compared to free-access extraction. We compare the regulations according to five criteria: resource preservation, individual profits, profit difference, Pareto-improvement from free-access and sorting of the most efficient users. One of the main findings is that, even though it performs better in sorting out the most efficient subjects, the fee and subsidy scheme is not the more profitable than tradable quotas.
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Bibliographic InfoPaper provided by Grenoble Applied Economics Laboratory (GAEL) in its series Working Papers with number 2013-07.
Date of creation: 2013
Date of revision:
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COMMON-POOL RESOURCE; REGULATION; QUOTA; PERMIT; TAX;
Other versions of this item:
- Stefan Ambec & Alexis Garapin & Laurent Muller & Arnaud Reynaud & Carine Sebi, 2009. "Comparing regulations to protect the commons: an experimental investigation," LERNA Working Papers 09.18.294, LERNA, University of Toulouse.
- Ambec, Stefan & Garapin, Alexis & Muller, Laurent & Reynaud, Arnaud & Sebi, Carine, 2009. "Comparing Regulations to Protect the Commons: An Experimental Investigation," TSE Working Papers 09-100, Toulouse School of Economics (TSE).
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-15 (All new papers)
- NEP-ENV-2013-07-15 (Environmental Economics)
- NEP-EXP-2013-07-15 (Experimental Economics)
- NEP-REG-2013-07-15 (Regulation)
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