Dayton-Johnson, Jeff; Bardhan, Pranab - In: Economic Journal 112 (2002) 481, pp. 577-602
To analyse the effect of asset inequality on co--operation within a group, we consider a two--player nonco--operative model of conservation of a common--pool resource. Overexploitation by one user affects another"s payoff by reducing the next--period catch. We give necessary and sufficient...