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Regulation and Evolution of Harvesting Rules and Compliance in Common Pool Resources

The present paper models jointly the evolution of compliance to regulation and the evolution of the CPR stock in the context of an evolutionary process emerging from combining replicator dynamics, which describe the adoption of harvesting rules, with resource stock dynamics. This evolutionary approach characterizes the emergence of steady-state equilibrium harvesting rules or compliance levels under regulation, and the corresponding behavior of the steady-state equilibrium resource stock. This evolutionary approach suggests that coexistence of both cooperative and non-cooperative rules under regulation is possible. It is shown that stock effects on profits and a certain structure of auditing probabilities, could imply the emergence of a limit cycle in areas of low stock levels, as an equilibrium outcome for the level of compliance and the biomass stock. It is also shown that it is possible to modify regulation, by modifying penalties for regulatory violations, in order to attain full compliance equilibria and take the system out of low stock traps. It shown it might be easier for the regulator to obtain the full compliance if there is precommitment to fixed auditing probabilities.

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Paper provided by Centro de Estudios Andaluces in its series Economic Working Papers at Centro de Estudios Andaluces with number E2003/39.

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Length: 36 pages
Date of creation: 2003
Date of revision:
Handle: RePEc:cea:doctra:e2003_39
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  1. Devon Garvie & Andrew Keeler, 1993. "Incomplete Enforcement with Endogenous Regulatory Choice," Working Papers 873, Queen's University, Department of Economics.
  2. Grieson, Ronald E. & Singh, Nirvikar, 1990. "Regulating externalities through testing," Journal of Public Economics, Elsevier, vol. 41(3), pages 369-387, April.
  3. Sethi, Rajiv & Somanathan, E, 1996. "The Evolution of Social Norms in Common Property Resource Use," American Economic Review, American Economic Association, vol. 86(4), pages 766-88, September.
  4. Smith, Vernon L, 1971. "Economics of Production from Natural Resources: Reply," American Economic Review, American Economic Association, vol. 61(3), pages 488-91, June.
  5. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215, June.
  6. Jensen, Frank & Vestergaard, Niels, 2002. "Moral hazard problems in fisheries regulation: the case of illegal landings and discard," Resource and Energy Economics, Elsevier, vol. 24(4), pages 281-299, November.
  7. Malik, Arun S., 1990. "Markets for pollution control when firms are noncompliant," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 97-106, March.
  8. Raakjær Nielsen, Jesper & Mathiesen, Christoph, 2003. "Important factors influencing rule compliance in fisheries lessons from Denmark," Marine Policy, Elsevier, vol. 27(5), pages 409-416, September.
  9. Malik Arun S., 1993. "Self-Reporting and the Design of Policies for Regulating Stochastic Pollution," Journal of Environmental Economics and Management, Elsevier, vol. 24(3), pages 241-257, May.
  10. Franckx, Laurent, 2002. "The Use of Ambient Inspections in Environmental Monitoring and Enforcement When the Inspection Agency Cannot Commit Itself to Announced Inspection Probabilities," Journal of Environmental Economics and Management, Elsevier, vol. 43(1), pages 71-92, January.
  11. van Egteren, Henry & Weber, Marian, 1996. "Marketable Permits, Market Power, and Cheating," Journal of Environmental Economics and Management, Elsevier, vol. 30(2), pages 161-173, March.
  12. Stranlund, John K. & Dhanda, Kanwalroop Kathy, 1999. "Endogenous Monitoring and Enforcement of a Transferable Emissions Permit System," Journal of Environmental Economics and Management, Elsevier, vol. 38(3), pages 267-282, November.
  13. Segerson, Kathleen & Miceli, Thomas J., 1998. "Voluntary Environmental Agreements: Good or Bad News for Environmental Protection?," Journal of Environmental Economics and Management, Elsevier, vol. 36(2), pages 109-130, September.
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