commons. Using a dynamic model of competitive resource extraction, we show that improving property right security …Credit markets and property rights are fundamental for modern economies, but they also have implications for the … security of property rights. We test these predictions using data on global fisheries, credit markets, and the largest …

Property rights are widely prescribed for addressing overextraction of common pool resources, yet causal evidence of … regression discontinuity design exploiting a spatially-incomplete property rights regime recovers a lower bound on the value of … property rights. We apply this estimator to a major aquifer in water-scarce southern California and find that the introduction …

-parametric tests of behavior consistent with the tragedy of the commons model. Our approach derives testable implications of such … to panel data of Norwegian fishers, we find evidence rejecting the tragedy of the commons model. Significantly, we find … that rejection rates of the model increase after property rights reforms moved the fishery away from the tragedy of the …

We revisit the effect of the "Eco-Patent Commons" (EcoPC) on the diffusion of patented environmentally friendly … patents covering 94 "green" inventions. Hall and Helmers (2013) suggested that the patents pledged to the commons had the … commons did not increase the diffusion of pledged inventions, and that the EcoPC suffered from several structural and …

Common resources may be managed with inefficient policies for the sake of equity. We study how rationing the commons …

The problem of the commons is more important to our lives and thus more central to economics than a century ago when …, particularly for common-property and open-access resources. The focus of this article is on some important, unsettled problems of … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …

We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves … the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an … overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …