Stoddard, Brock; Walker, James M.; Williams, Arlington - In: Journal of Economic Behavior & Organization 101 (2014) C, pp. 141-155
This paper examines a voluntarily provided common-property resource (CPR) in settings that vary the rules used for allocating the resource to providers. Three allocation mechanisms are investigated: “allocator,” “tremble,” and “egalitarian.” The allocator mechanism, based on...