"In order to halt resource degradation of the high value sea snail ‘loco’ (Concholepas concholepas), the Chilean state in the late 1990s institutionalised commons – Territorial Use Rights for Fisheries (TURFs), which since then have had varying results, especially in economic terms....

"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of individual extraction decisions and payoffs we conjecture that subjects will imitate the most successful players’ strategy as long as their payoffs increase. We derive a stable...

"In particular, the academic debate over the best prediction about the behavior of people that use a common-pool resource (CPR), and the recommended policy approaches to the CPR dilemma have undergone a very interesting evolution throughout the last 3 decades of the pastcentury, since the...