Market dynamics, dynamic resource management and environmental policy in the context of (strong) sustainability
In this paper, we investigate the relationship between market dynamics, dynamic resource management and environmental policy. In contrast to static market entry games, this paper draws attention to the effects of market dynamics on resource dynamics et vice versa, because (1) we show that feedback processes are necessary for obtaining a better understanding of what drives the dynamics between the evolution of common-pool resources and the number of harvesters and more importantly, (2) this analysis provides an environment discussing sustainability in an appropriate inasmuch dynamic way. The paper makes the following points: based on a co-evolutionary model, which incorporates resource and market dynamics simultaneously, it is shown that an increasing number of harvesters does not necessarily imply a lower stock of the common-pool resource in the long run. Further it is shown that a tax-scheme establish an output-sharing solution for coping with the overuse of common-pool resources. This results is in contrast to the prevailing literature, which mainly discusses tax-schemes and out-sharing as substitutes rather than as complements for solving the commons-problem. This conclusion holds even if we additionally assume harvesting-cost-reducing technological progress. On the other side if policy interventions ceased, strong resource sustainability in the sense of resource conservation is not possible, given technological progress is a relevant issue. Copyright Springer-Verlag 2013
Volume (Year): 23 (2013)
Issue (Month): 4 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/journal/191/PS2|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Heintzelman, Martin D. & Salant, Stephen W. & Schott, Stephan, 2009.
"Putting free-riding to work: A Partnership Solution to the common-property problem,"
Journal of Environmental Economics and Management,
Elsevier, vol. 57(3), pages 309-320, May.
- Heintzelman, Martin & Salant, Stephen W. & Schott, Stephan, 2008. "Putting Free-Riding to Work: A Partnership Solution to the Common-Property Problem," MPRA Paper 9804, University Library of Munich, Germany.
- Howarth, Richard B., 2007. "Towards an operational sustainability criterion," Ecological Economics, Elsevier, vol. 63(4), pages 656-663, September.
- Stephan Schott & Neil Buckley & Stuart Mestelman & R. Muller, 2007. "Output sharing in partnerships as a common pool resource management instrument," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(4), pages 697-711, August.
- Ito, Masaru & Saijo, Tatsuyoshi & Une, Masashi, 1995. "The Tragedy of the Commons revisited Identifying behavioral principles," Journal of Economic Behavior & Organization, Elsevier, vol. 28(3), pages 311-335, December.
- Ito, M. & Saijo, T. & Une, M., 1994. "The Tragedy of the Commons Revisited: Identifying Behavioral Principles," ISER Discussion Paper 0338, Institute of Social and Economic Research, Osaka University.
- Lucas Bretschger & Sjak Smulders, 2007. "Sustainable Resource Use and Economic Dynamics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 1-13, January.
- Bretschger, L. & Smulders, J.A., 2007. "Sustainable resource use and economic dynamics," Other publications TiSEM fb7079e5-6c6e-4960-91f8-8, Tilburg University, School of Economics and Management.
- Ruseski, Gorazd, 1998. "International Fish Wars: The Strategic Roles for Fleet Licensing and Effort Subsidies," Journal of Environmental Economics and Management, Elsevier, vol. 36(1), pages 70-88, July.
- Lopez, Ramon, 1998. "The Tragedy of the Commons in Cote d'Ivoire Agriculture: Empirical Evidence and Implications for Evaluating Trade Policies," World Bank Economic Review, World Bank Group, vol. 12(1), pages 105-131, January.
- Illge, Lydia & Schwarze, Reimund, 2009. "A matter of opinion--How ecological and neoclassical environmental economists and think about sustainability and economics," Ecological Economics, Elsevier, vol. 68(3), pages 594-604, January.
- Jeroen Bergh, 2007. "Evolutionary thinking in environmental economics," Journal of Evolutionary Economics, Springer, vol. 17(5), pages 521-549, October.
- Jeroen C.J.M. van den Bergh, 2007. "Evolutionary Thinking in Environmental Economics," Tinbergen Institute Discussion Papers 07-018/3, Tinbergen Institute.
- Mazzucato, Mariana, 1998. "A computational model of economies of scale and market share instability," Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 55-83, March.
- Mariana Mazzucato, 1997. "A Computational Model of Economies of Scale and Market Share Instability," Research in Economics 97-06-054e, Santa Fe Institute.
- Jean-Philippe Atzenhoffer, 2010. "A Note on Imitation-Based Competition in Common-Pool Resources," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(2), pages 299-304, October.
- De Groot, Rudolf & Van der Perk, Johan & Chiesura, Anna & van Vliet, Arnold, 2003. "Importance and threat as determining factors for criticality of natural capital," Ecological Economics, Elsevier, vol. 44(2-3), pages 187-204, March.
- Walker, James M & Gardner, Roy, 1992. "Probabilistic Destruction of Common-Pool Resources: Experimental Evidence," Economic Journal, Royal Economic Society, vol. 102(414), pages 1149-1161, September.
- Erwin Bulte & Richard Damania, 2005. "A note on trade liberalization and common pool resources," Canadian Journal of Economics, Canadian Economics Association, vol. 38(3), pages 883-899, August.
- Bulte, E.H. & Damania, R., 2005. "A note on trade liberalization and common pool resources," Other publications TiSEM ec5e2be5-3071-4001-9b6a-8, Tilburg University, School of Economics and Management.
- Baumgärtner, Stefan & Quaas, Martin, 2010. "What is sustainability economics?," Ecological Economics, Elsevier, vol. 69(3), pages 445-450, January.
- Stefan Baumgärtner & Martin F. Quaas, 2009. "What is sustainability economics?," Working Paper Series in Economics 138, University of Lüneburg, Institute of Economics.
- Joïlle Noailly & Jeroen C.J.M. van den Bergh & Cees A. Withagen, 2003. "Evolution of harvesting strategies: replicator and resource dynamics," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 183-200, 04.
- Joelle Noailly & Jeroen van den Bergh & Cees Withagen, 2001. "Evolution of Harvesting Strategies: Replicator and Resource Dynamics," Tinbergen Institute Discussion Papers 01-056/3, Tinbergen Institute.
- Joelle Noailly, Jeroen van den Bergh, Cees Withagen, 2001. "Evolution of Harvesting Strategies: Replicator and Resource Dynamics," Computing in Economics and Finance 2001 263, Society for Computational Economics.
- Regev, U. & Gutierrez, A. P. & Schreiber, S. J. & Zilberman, D., 1998. "Biological and economic foundations of renewable resource exploitation," Ecological Economics, Elsevier, vol. 26(3), pages 227-242, September.
- Copeland Brian R., 1994. "International Trade and the Environment: Policy Reform in a Polluted Small Open Economy," Journal of Environmental Economics and Management, Elsevier, vol. 26(1), pages 44-65, January.
- Walker, James M. & Gardner, Roy & Ostrom, Elinor, 1990. "Rent dissipation in a limited-access common-pool resource: Experimental evidence," Journal of Environmental Economics and Management, Elsevier, vol. 19(3), pages 203-211, November.
- Jensen, Carsten Lynge, 2002. "Reduction of the fishing capacity in "common pool" fisheries," Marine Policy, Elsevier, vol. 26(3), pages 155-158, May.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124-124.
- Sandal, Leif K. & Steinshamn, Stein I., 2004. "Dynamic Cournot-competitive harvesting of a common pool resource," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1781-1799, July. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:spr:joevec:v:23:y:2013:i:4:p:861-888. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.