We test whether a descriptive norm-nudge is a suitable policy tool to increase cooperation in a social dilemma when decisions are taken by teams, not individuals. 10 Each team in our experiment comes from a different fishing boat at Lake Victoria, Tanzania. The provision of a norm-nudge is...

Formal regulations often fail to ensure sustainable management of natural resources. An alternative approach could rely on the interaction of norm-based interventions and social sanctions. Our lab-in-the-field experiment with fishermen at Lake Victoria studies how a norm-based intervention,...

Many economic environments are susceptible to either free-riding or overuse. Common pool resources (CPRs) fall in the latter category. Equally sharing the output of a CPR in partnerships introduces a free-riding incentive that may offset overuse. Socially optimal harvesting can be induced by...

The article explores three interrelated questions related to institutional design: the roles of states and communities in creating and maintaining institutions designed to resolve commons problems arising from the use of natural resource systems; the substantive content of such institutions with...

Summarizes the effects of globalization on financial markets, and the need for accounting practices to keep up with it. Criticizes the Financial Accounting Standards Board Exposure Draft “Accounting for derivatives and similar financial instruments and for hedging activities” for not...