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Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. [1] report little difference between cooperation in private and common property trust games....
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Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. report little difference between cooperation in private and common property trust games. We...
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Garrett Hardin's “The Tragedy of the Commons” (Hardin, 1968) is widely influential but fundamentally incorrect. Hardin … characterizes the commons problem as arising from the exercise of free will in a world with limited carrying capacity. Hardin …), Coase (1960), and Demsetz (1967) – shows that the commons problem arises from non-exclusive use rights. Non-exclusivity is …
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