This paper uses replicator dynamics to compare the steady states arising from two types of common property regimes - one in which over-exploiters are punished by the resource users themselves, and another where enforcement is handled by guards who collect a tax from the users. The use of guards...

The law and economics literature on the tragedy of the anticommons suggests that producers of complementary goods should integrate themselves. Recent decisions by the antitrust authorities seem to indicate that there is tradeoff between the “tragedy” and the lack of competition which might...

Recent research in the field of network economics has shown how explicitly modelling the network structure of social and economic relations can provide significant theoretical insights, as well as account for previously unexplained empirical evidence. Despite their critical importance to many...

When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...

In this study, we provide causal evidence on the capacity of monetary incentives to encourage real-life local leaders managing water and land to improve their procedural fairness. We report results from incentivized decisions and surveys conducted with local leaders in rural Namibia (n=64) and...

This article analyzes the conceptual links between sustainability, common concern and public goods. It examines the mega-trends of the 21st century in the context of sustainability. By doing so, it brings forward the novel idea of how greater participation of citizens can be very promising in...

This article summarizes results of a study that investigates the signaling role of environmental policy in promoting, or hindering, the ability of a monopolist to practice entry deterrence. We show that environmental policy can facilitate the incumbent firm’s concealment of information from...

This article summarizes results of a study that investigates the signaling role of environmental policy in promoting, or hindering, the ability of a monopolist to practice entry deterrence. We show that environmental policy can facilitate the incumbent firm’s concealment of information from...

The paper focuses on the various methods used to quantify cartel damages, which have become more and more important as private damage suits in the aftermath of antitrust litigation increase. The approaches implementation is embedded into current legal environments with regards to the estimation...

The paper focuses on the various methods used to quantify cartel damages, which have become more and more important as private damage suits in the aftermath of antitrust litigation increase. The approaches implementation is embedded into current legal environments with regards to the estimation...