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Many analysts presume that the appropriators of a common-pool resource are trapped in a Hobbesian state of nature and cannot themselves create rules to counteract the perverse incentives they face in managing the resource. The logical consequence of this view is to recommend that an external...
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This paper reconsiders the relationship between the rules of a game and its outcomes. The authors develop a notion of rule reform that leads to the selection of Pareto improved equilibria points. They then apply this notion to a series of naturally occurring fishing rules, including examples...
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This study reports results from a new series of experiments that examine the robustness of face-to-face communication as a cooperation-facilitating institution in common-pool resource settings. Results are reported from nine experiment sessions, initially designed for pedagogical purposes. The...
Persistent link: https://www.econbiz.de/10008870590
This study reports results from a new series of experiments that examine the robustness of face-to-face communication as a cooperation-facilitating institution in common-pool resource settings. Results are reported from nine experiment sessions, initially designed for pedagogical purposes. The...
Persistent link: https://www.econbiz.de/10009146397
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Using experimental methods to test a game theoretic model of destruction in a common pool resource environment, this paper investigates whether the possibility of destruction will significantly alter choice behavior in the resulting game. When there is a nonnegligible probability of destruction...
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