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Published as:"The Nature of Common-Pool Resource Problems," Rationality and Society 2(3), July 1990, 335-358."A large, multidisciplinary literature focuses on the problems occurring when multiple individuals concurrently use common-pool resources such as fisheries, grazing areas, airsheds, oil...
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This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. We show, using structurally...
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This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel (1987)...
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