García-Gallego, Aurora; Georgantzis, Nikolaos; … - Departament d'Economia, Universitat Jaume I - 2013
We analyze the effect of imposing a charge for the individual appropriation of common resources. In our design, withdrawing the maximum amount is the dominant strategy for every player, but the resulting equilibrium is socially inefficient. We find that the presence of a price, small enough to...