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

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

Abstract

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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  • Velez, Maria Alejandra & Stranlund, John K. & Murphy, James J., 2009. "What motivates common pool resource users? Experimental evidence from the field," Journal of Economic Behavior & Organization, Elsevier, vol. 70(3), pages 485-497, June.
  • Handle: RePEc:eee:jeborg:v:70:y:2009:i:3:p:485-497
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    More about this item

    Keywords

    Altruism Common pool resources Conformity Experiments Reciprocity;

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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