Common Pool Equities: An Arbitrage Based Non-cooperative Solution to the Common Pool Resource Problem
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Wiggins, Steven N & Libecap, Gary D, 1985. "Oil Field Unitization: Contractual Failure in the Presence of Imperfect Information," American Economic Review, American Economic Association, vol. 75(3), pages 368-385, June.
- Mason, Charles F. & Phillips, Owen R., 1997. "Mitigating the Tragedy of the Commons through Cooperation: An Experimental Evaluation," Journal of Environmental Economics and Management, Elsevier, vol. 34(2), pages 148-172, October.
- Cornes, Richard & Sandler, Todd, 1983. "On Commons and Tragedies," American Economic Review, American Economic Association, vol. 73(4), pages 787-792, September.
- Berck, Peter & Perloff, Jeffrey M, 1982. "An Open-Access Fishery with Rational Expectations," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt876499mq, Department of Agricultural & Resource Economics, UC Berkeley.
- Charles F. Mason & Stephen Polasky, 1997. "The Optimal Number of Firms in the Commons: A Dynamic Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1143-1160, November.
- Karp, Larry, 1992. "Social Welfare in a Common Property Oligopoly," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(2), pages 353-372, May.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
- repec:bla:econom:v:44:y:1977:i:176:p:409-14 is not listed on IDEAS
- Van Der Ploeg, F., 1987.
"Inefficiency of credible strategies in oligopolistic resource markets with uncertainty,"
Journal of Economic Dynamics and Control, Elsevier, vol. 11(1), pages 123-145, March.
- van der Ploeg, F., 1985. "Inefficiency of credible strategies in oligopolistic resource markets with uncertainty," Other publications TiSEM 6bc6cbe2-bc1f-49ef-9988-8, Tilburg University, School of Economics and Management.
- Brown, Gardner, Jr, 1974. "An Optimal Program for Managing Common Property Resources with Congestion Externalities," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 163-173, Jan.-Feb..
- Richard Cornes & Charles F. Mason & Todd Sandler, 1986. "The Commons and the Optimal Number of Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(3), pages 641-646.
- Berck, Peter & Perloff, Jeffrey M, 1984.
"An Open-Access Fishery with Rational Expectations,"
Econometrica, Econometric Society, vol. 52(2), pages 489-506, March.
- Berck, Peter & Perloff, Jeffrey M, 1982. "An Open-Access Fishery with Rational Expectations," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt876499mq, Department of Agricultural & Resource Economics, UC Berkeley.
- Berck, Peter & Perloff, Jeffrey M., 1982. "An Open-Access Fishery with Rational Expectations," CUDARE Working Papers 42856, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Hackett Steven & Schlager Edella & Walker James, 1994. "The Role of Communication in Resolving Commons Dilemmas: Experimental Evidence with Heterogeneous Appropriators," Journal of Environmental Economics and Management, Elsevier, vol. 27(2), pages 99-126, September.
- Stiglitz, Joseph E, 1976. "Monopoly and the Rate of Extraction of Exhaustible Resources," American Economic Review, American Economic Association, vol. 66(4), pages 655-661, September.
- Weitzman, Martin L, 1983. "Some Macroeconomic Implications of Alternative Compensation Systems," Economic Journal, Royal Economic Society, vol. 93(372), pages 763-783, December.
- Weitzman, Martin L., 1974. "Free access vs private ownership as alternative systems for managing common property," Journal of Economic Theory, Elsevier, vol. 8(2), pages 225-234, June.
- repec:bla:econom:v:51:y:1984:i:204:p:393-400 is not listed on IDEAS
- Robert H. Haveman, 1973. "Common Property, Congestion, and Environmental Pollution," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(2), pages 278-287.
- Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 116-116.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Kiriti Kanjilal & Félix Muñoz-GarcÃa, 2021.
"Common Pool Resources with Endogenous Equity Shares,"
Strategic Behavior and the Environment, now publishers, vol. 9(1-2), pages 103-143, July.
- Kanjilal, Kiriti & Munoz-Garcia, Felix, 2018. "Common Pool Resources with Endogenous Equity Shares," Working Papers 2018-4, School of Economic Sciences, Washington State University.
- Matthew J. Baker & Kurtis Swope, 2004. "Sharing, Gift-Giving, and Optimal Resource Use Incentives in Hunter-Gatherer Society," Departmental Working Papers 8, United States Naval Academy Department of Economics.
- Matthew J. Baker & Kurtis J. Swope, 2021. "Sharing, gift-giving, and optimal resource use in hunter-gatherer society," Economics of Governance, Springer, vol. 22(2), pages 119-138, June.
- Aaron Adalja & Erik Lichtenberg & Elina T. Page, 2023. "Collective investment in a common pool resource: Grower associations and food safety guidelines," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(1), pages 144-173, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tarui, Nori & Mason, Charles F. & Polasky, Stephen & Ellis, Greg, 2008.
"Cooperation in the commons with unobservable actions,"
Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 37-51, January.
- Nori Tarui & Charles Mason & Stephen Polasky & Greg Ellis, 2007. "Cooperation in the Commons with Unobservable Actions," Working Papers 200711, University of Hawaii at Manoa, Department of Economics.
- Balthrop, Andrew T. & Schnier, Kurt E., 2016. "A regression discontinuity approach to measuring the effectiveness of oil and natural gas regulation to address the common-pool externality," Resource and Energy Economics, Elsevier, vol. 44(C), pages 118-138.
- Feichtinger, Gustav & Lambertini, Luca & Leitmann, George & Wrzaczek, Stefan, 2022. "Managing the tragedy of commons and polluting emissions: A unified view," European Journal of Operational Research, Elsevier, vol. 303(1), pages 487-499.
- Eggert, Håkan, 2006. "Fisheries Economics and 20 years with Marine Resource Economics: A Citation Analysis," Working Papers in Economics 203, University of Gothenburg, Department of Economics.
- Mason, Charles F. & Phillips, Owen R., 1997. "Mitigating the Tragedy of the Commons through Cooperation: An Experimental Evaluation," Journal of Environmental Economics and Management, Elsevier, vol. 34(2), pages 148-172, October.
- Damania, Richard & Bulte, Erwin H., 2007. "The economics of wildlife farming and endangered species conservation," Ecological Economics, Elsevier, vol. 62(3-4), pages 461-472, May.
- Dragone, Davide & Lambertini, Luca & Palestini, Arsen, 2022. "Emission taxation, green innovations and inverted-U aggregate R&D efforts in a linear state differential game," Research in Economics, Elsevier, vol. 76(1), pages 62-68.
- Croutzet, Alexandre & Lasserre, Pierre, 2017.
"Optimal completeness of property rights on renewable resources in the presence of market power,"
Resource and Energy Economics, Elsevier, vol. 49(C), pages 16-32.
- Alexandre Croutzet & Pierre Lasserre, 2016. "Optimal Completeness of Property Rights on Renewable Resources in Presence of Market Power," CIRANO Working Papers 2016s-39, CIRANO.
- Alexandre CROUTZET & Pierre LASSERRE, 2016. "Optimal Completeness of Property Rights on Renewable Resources in Presence of Market Power," Cahiers de recherche 10-2016, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
- Wilen, James E., 2000. "Renewable Resource Economists and Policy: What Differences Have We Made?," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 306-327, May.
- Charles Mason & Stephen Polasky, 2002. "Strategic Preemption in a Common Property Resource: A Continuous Time Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(3), pages 255-278, November.
- Costello, Christopher & Polasky, Stephen, 2008. "Optimal harvesting of stochastic spatial resources," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 1-18, July.
- László Á. Kóczy, 2018. "Partition Function Form Games," Theory and Decision Library C, Springer, number 978-3-319-69841-0, September.
- Gardner M. Brown, 2000. "Renewable Natural Resource Management and Use without Markets," Journal of Economic Literature, American Economic Association, vol. 38(4), pages 875-914, December.
- Ignace Adant & Pierre Fleckinger, 2005. "Controling externalities with asymmetric information : Ferrous Scrap Recycling and the Gold Rush Problem," Working Papers hal-00243017, HAL.
- Horan, R.D. & Bulte, E.H., 2004. "Optimal and open access harvesting and multi-use species in a second best world," Other publications TiSEM 95000e50-7225-4f4d-aeaf-a, Tilburg University, School of Economics and Management.
- Dragone Davide & Lambertini Luca & Palestini Arsen & Tampieri Alessandro, 2013.
"On the Optimal Number of Firms in the Commons: Cournot vs Bertrand,"
Mathematical Economics Letters, De Gruyter, vol. 1(1), pages 25-34, October.
- D. Dragone & L. Lambertini & A. Palestini & A. Tampieri, 2012. "On the Optimal Number of Firms in the Commons: Cournot vs Bertrand," Working Papers wp856, Dipartimento Scienze Economiche, Universita' di Bologna.
- Charles Morcom & Michael Kremer, 2000.
"Elephants,"
American Economic Review, American Economic Association, vol. 90(1), pages 212-234, March.
- Michael Kremer & Charles Morcom, 1996. "Elephants," NBER Working Papers 5674, National Bureau of Economic Research, Inc.
- Kremer, M. & Morcom, C., 1996. "Elephants," Working papers 96-17, Massachusetts Institute of Technology (MIT), Department of Economics.
- van der Ploeg, Frederick, 2020.
"Race to burn the last ton of carbon and the risk of stranded assets,"
European Journal of Political Economy, Elsevier, vol. 64(C).
- Rick Van der Ploeg, 2017. "Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets," OxCarre Working Papers 201, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Rick van der Ploeg, 2017. "Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets," CESifo Working Paper Series 6793, CESifo.
- Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:42:y:2001:i:2:p:140-155. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.