Hansen, Lars Gårn; Jensen, Frank; Amundsen, Eirik S. - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 2, pp. 317-335
Worldwide groundwater is a common-pool resource that is potentially subject to the tragedy of the commons if water extraction is not adequately regulated. In developing countries the regulatory infrastructure is often too weak to allow detailed monitoring of individual groundwater extraction....