The tragedy of commons and free mobility

We characterize free mobility equilibrium in a common pool resource setting with two localities. We find that adopting a decentralized management in just one locality increases agents' welfare not only in the regulated locality but in the unregulated locality as well.

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Year of publication:	2011
Authors:	Dorj, Dolgorsuren
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 31.2011, 1, p. 9-16
Publisher:	AccessEcon
Subject:	Common dilemmas \| Sanctions \| Free mobility

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C7 - Game Theory and Bargaining Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008784420