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 …

-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 …

Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption …;approximate certaintyquot;---i.e., as we look at the limit where uncertainty about the interpretation of the signals disappears. When the family … agreement does not obtain even in the limit as the amount of uncertainty disappears. Lack of common priors has important …