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We examine individual harvesters' preferences for government enforcement of a quota imposed on the exploitation of a common pool resource. We develop a model of Nash behavior by identical risk neutral harvesters to explain individual equilibrium preferences for enforcement of an efficient...
Persistent link: https://www.econbiz.de/10011043788
We consider a case of water reallocation in Brazil, one which has numerous analogs elsewhere. To permit empirical study of the effects of institutions that can facilitate or restrict allocations, we conducted field experiments to explore trust's potential when resource contracts are limited,...
Persistent link: https://www.econbiz.de/10011043763
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