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The Problem of the Commons : Still Unsettled after 100 Years
Stavins, Robert N. - 2010
The problem of the commons is more important to our lives and thus more central to economics than a century ago when … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …. Critical commons problems are also associated with environmental quality. A key contribution of economics has been the …
Persistent link: https://www.econbiz.de/10013137614
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Overcoming the Common Pool Problem Through Voluntary Cooperation : The Rise and Fall of a Fishery Cooperative
Deacon, Robert - 2010
overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
Persistent link: https://www.econbiz.de/10013138469
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The Value of Secure Property Rights : Evidence from Global Fisheries
Grainger, Corbett A. - 2011
Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotas (ITQs) varies widely; the consequences of...
Persistent link: https://www.econbiz.de/10013125578
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Games and Resources
Harstad, Bård - 2012
This article presents a sequence of simple and related models to analyze the strategic use of natural resources. Game theory is the natural tool for such an analysis, whether the resource is private or publicly owned, whether it is renewable or exhaustible, whether the game is static or dynamic,...
Persistent link: https://www.econbiz.de/10013098144
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How Transaction Costs Obstruct Collective Action : Evidence from California's Groundwater
Ayres, Andrew - 2017
Collective action to remedy the losses of open access to common-pool resources often is late and incomplete, extending rent dissipation. Examples include persistent over-exploitation of oil fields and ocean fisheries, despite general agreement that production constraints are needed. Transaction...
Persistent link: https://www.econbiz.de/10012956925
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Green Technology Diffusion : A Post-Mortem Analysis of the Eco-Patent Commons
Contreras, Jorge L. - 2018
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 …
Persistent link: https://www.econbiz.de/10012907748
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Non-Parametric Tests of the Tragedy of the Commons
Banzhaf, H. Spencer - 2019
-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 … commons.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this …
Persistent link: https://www.econbiz.de/10012860448
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International Trade between Consumer and Conservationist Countries
Brander, James A.; Taylor, M. Scott - 2021
We consider trade between a consumer' country with an open access renewable resource and a conservationist' country that regulates resource harvesting to maximize domestic steady-state utility. In what we call the mild overuse' case, the consumer country exports the resource good and suffers...
Persistent link: https://www.econbiz.de/10013225818
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State Versus Private Ownership
Shleifer, Andrei - 2021
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...
Persistent link: https://www.econbiz.de/10013239155
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Trade, Tragedy, and the Commons
Copeland, Brian R.; Taylor, M. Scott - 2021
We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is … at any world price, have zero rents and suffer from the tragedy of the commons. Ostrom economies exhibit de facto open …
Persistent link: https://www.econbiz.de/10013247854