The Social and Ecological Determinants of Common Pool Resource Sustainability
AbstractWe study a novel, repeated common pool resource game in which current resource stocks depend on resource extraction in previous periods. Our model shows that for a sufficiently high regrowth rate, there is no commons dilemma: the resource will be preserved indefinitely in equilibrium. Lower growth rates lead to depletion. Laboratory tests of the model indicate that favorable ecological characteristics are necessary but insufficient to encourage effective CPR governance. However, using a method developed in Kimbrough and Vostroknutov (2013), we identify behavioral types ex ante by observing individual willingness to follow a costly rule, and we show that assortative matching on type facilitates CPR management.
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Bibliographic InfoPaper provided by Department of Economics, Simon Fraser University in its series Discussion Papers with number dp13-06.
Date of creation: Jul 2013
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Postal: Working Paper Coordinator, Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Find related papers by JEL classification:
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D7 - Microeconomics - - Analysis of Collective Decision-Making
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-28 (All new papers)
- NEP-ENV-2013-07-28 (Environmental Economics)
- NEP-EVO-2013-07-28 (Evolutionary Economics)
- NEP-EXP-2013-07-28 (Experimental Economics)
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