Comparing Regulations to Protect the Commons: An Experimental Investigation
AbstractWe test in a laboratory experiment three regulations imposed on a common-pool resource game: an access fee and subsidy scheme, transferable quotas and non-transferable quotas. Theory predicts that they all reduce resource use from free access to the same target level without hurting users. We find that all regulations perform equally in reducing resources, although with more variance under the fee scheme. All fail to make all the users better off. The fee scheme performs better than transferable quotas in sorting out the most efficient users but at the cost of hurting them more often.
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Bibliographic InfoPaper provided by Toulouse School of Economics (TSE) in its series TSE Working Papers with number 09-100.
Date of creation: 23 Oct 2009
Date of revision:
Publication status: Published in Environmental and Resource Economics, Springer Netherlands, 2013.
Other versions of this item:
- Ambec, S. & Garapin, A. & Muller, L. & Reynaud, A. & Sebi, C., 2013. "Comparing regulations to protect the commons: an experimental investigation," Working Papers 2013-07, Grenoble Applied Economics Laboratory (GAEL).
- 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.
- 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)
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