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This paper revisits the tragedy of the commons when agents have different capabilities in both production and … advantage criterion. Several equilibria may exist. The 'tragedy of the commons' equilibrium without production always does; the …
Persistent link: https://www.econbiz.de/10005827195
This paper revisits the tragedy of the commons when agents have different capabilities in both production and … obeys a relative advantage criterion. Several equilibria may exist. The "tragedy of the commons" equilibrium without …
Persistent link: https://www.econbiz.de/10011608842
This paper revisits the tragedy of the commons when agents have different capabilities in both production and … obeys a relative advantage criterion. Several equilibria may exist. The "tragedy of the commons" equilibrium without …
Persistent link: https://www.econbiz.de/10014123382
The institutional and ecological structure of Hardin’s “tragedy of the commons” appears deceptively simple: the open … of institutions. A more careful assessment of the situation, employing Ostrom’s Social-Ecological System (SES) framework … institutions, not just from the absence of property in the pasture. If the grass was not subject to appropriation, the cattle were …
Persistent link: https://www.econbiz.de/10014151273
In this general equilibrium model, justice and police institutions are treated as a mechanism that induces individuals … consideration in the design of its institutions: encroachment is a form of redistribution from the most talented individuals to the …'efficacité dans la conception des institutions : la prédation est une forme de redistribution des plus productifs vers les moins …
Persistent link: https://www.econbiz.de/10005100938
In this article, Professor Frischmann combines a number of current debates across many disciplinary lines, all of which examine from different perspectives whether certain resources should be managed through a regime of private property or through a regime of open access. Frischmann develops and...
Persistent link: https://www.econbiz.de/10014028956
In preparation for the 1998 soccer World Cup, France banned the use of soccer balls made with child labor. As a result of that ban, Baden Sports, the company that supplied the soccer balls, closed down its Pakistani soccer ball operations, which used child labor, and moved production to China,...
Persistent link: https://www.econbiz.de/10014127325
the commons. When they abuse user trust they reap the full benefits of their action but share the costs with the other …. This Article explores commons-management theory for potential solutions to this impending tragedy of the trust commons …
Persistent link: https://www.econbiz.de/10014127295
When there are three parties, it is well known that the Coase Theorem may not hold even when there are no transaction costs, due to the emptiness of the core of the corresponding cooperative game [Aivazian and Callen (1981)]. We show that the standard Coasean bargaining game involving three...
Persistent link: https://www.econbiz.de/10015233472
When there are three parties, it is well known that the Coase Theorem may not hold even when there are no transaction costs, due to the emptiness of the core of the corresponding cooperative game [Aivazian and Callen (1981)]. We show that the standard Coasean bargaining game involving three...
Persistent link: https://www.econbiz.de/10011107924