Liu, Zhuo; Suter, Jordan F.; Messer, Kent D.; Duke, … - In: Resource and Energy Economics 38 (2014) C, pp. 181-197
This study uses economics experiments to extend the literature on common-pool resources by focusing on entry investment behavior in a stylized, spatially explicit aquifer. The model consists of a two-stage game, where participants make an entry decision in the first stage and, if they choose to...