This paper models the use of community sanctions to restrict effort in a simple Gordon-Shaefer style model of the fishery with heterogeneous fishing costs.

This paper explores conflicts between two groups, "the industry" and "the environmentalists", over whether an indivisible resource (e.g., an ancient tree) should be harvested or preserved. The problem is first analysed as a complete information "war of attrition". Under the "rationalizability",...