In the current new competitive environment, smart specialization has emerged strongly as a territorial development model to increase the efficiency and effectiveness of economic systems. An aspect from which it differs from previous models is the special emphasis on governance. In this...

We study the conditions under which effective institutions of commons management emerge in a context-rich spatiotemporal environment. We build an experiment that allows individuals to make costly commitments to specialize in the collection of certain types of a heterogeneous common resource with...