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What motivates common pool resource users? Experimental evidence from the field

  • Velez, Maria Alejandra
  • Stranlund, John K.
  • Murphy, James J.

This paper develops and tests several models of pure Nash strategies of individuals who extract from a common pool resource when they are motivated by a combination of self-interest and preferences for altruism, reciprocity, inequity aversion, or conformity. Using data from experiments conducted in three regions of Colombia that depend critically on a local fishery, we test whether an econometric summary of the subjects' pure Nash strategies is consistent with one or more of these models. We find that a model that balances self-interest with a strong preference for conformity best describes average strategies.

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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 70 (2009)
Issue (Month): 3 (June)
Pages: 485-497

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Handle: RePEc:eee:jeborg:v:70:y:2009:i:3:p:485-497
Contact details of provider: Web page: http://www.elsevier.com/locate/jebo

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