Schott, Stephan; Buckley, Neil; Mestelman, Stuart; … - In: Environmental & Resource Economics 37 (2007) 4, pp. 697-711
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...