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Harstad, Bård - 2012

This article presents a sequence of simple and related models to analyze the strategic use of natural resources. Game theory is the natural tool for such an analysis, whether the resource is private or publicly owned, whether it is renewable or exhaustible, whether the game is static or dynamic,...

Persistent link: https://www.econbiz.de/10013098144

Voluntary Public Goods Provision, Coalition Formation, and Uncertainty

Burger, Nick - 2009

The literature on voluntary provision of public goods includes recent theoretical work on the formation of voluntary coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the emergence of coalitions, their size, and how...

Persistent link: https://www.econbiz.de/10013153581

International Environmental Agreements Among Heterogeneous Countries with Social Preferences

Kolstad, Charles D. - 2014

Achieving efficiency for many global environmental problems requires voluntary cooperation among sovereign countries due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in economics seeks to understand how cooperation among countries...

Persistent link: https://www.econbiz.de/10013052684

An Economic Approach to Alleviate the Crises of Confidence in Science : with an Application to the Public Goods Game

Butera, Luigi - 2017

Novel empirical insights by their very nature tend to be unanticipated, and in some cases at odds with the current state of knowledge on the topic. The mechanics of statistical inference suggest that such initial findings, even when robust and statistically significant within the study, should...

Persistent link: https://www.econbiz.de/10012957994

Elephants

Kremer, Michael; Morcom, Charles - 2022

Existing models of open-access resources are applicable to non-storable resources, such as fish. Many open-access resources, however, are used to produce storable goods. Elephants, rhinos, and tigers are three prominent examples. Anticipated future scarcity of these resources will increase...

Persistent link: https://www.econbiz.de/10014106205

How Transaction Costs Obstruct Collective Action : Evidence from California's Groundwater

Ayres, Andrew - 2017

Collective action to remedy the losses of open access to common-pool resources often is late and incomplete, extending rent dissipation. Examples include persistent over-exploitation of oil fields and ocean fisheries, despite general agreement that production constraints are needed. Transaction...

Persistent link: https://www.econbiz.de/10012956925

Green Technology Diffusion : A Post-Mortem Analysis of the Eco-Patent Commons

Contreras, Jorge L. - 2018

We revisit the effect of the “Eco-Patent Commons” (EcoPC) on the diffusion of patented environmentally friendly … patents covering 94 “green” inventions. Hall and Helmers (2013) suggested that the patents pledged to the commons had the … commons did not increase the diffusion of pledged inventions, and that the EcoPC suffered from several structural and …

Persistent link: https://www.econbiz.de/10012907748

State Versus Private Ownership

Shleifer, Andrei - 2021

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...

Persistent link: https://www.econbiz.de/10013239155

The Problem of the Commons : Still Unsettled after 100 Years

Stavins, Robert N. - 2010

The problem of the commons is more important to our lives and thus more central to economics than a century ago when … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …. Critical commons problems are also associated with environmental quality. A key contribution of economics has been the …

Persistent link: https://www.econbiz.de/10013137614

Overcoming the Common Pool Problem Through Voluntary Cooperation : The Rise and Fall of a Fishery Cooperative

Deacon, Robert T. - 2010

overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …

Persistent link: https://www.econbiz.de/10013138469