Freeman, Matthew; Anderson, Christopher - In: Environmental & Resource Economics 56 (2013) 3, pp. 399-414
Extraction from a common pool resource (CPR), such as a fishery, can lead to socially inefficient and undesirable outcomes as a result of appropriation problems. Through regulation of the CPR, users may achieve a more profitable and socially efficient outcome. Feeny et al. (Land Econ...