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This study develops a model of water extraction with endogenous social norms. Many users are connected by a unique shared resource that can become scarce in case of over-exploitation. Preferences of individuals are guided by their extraction values and their taste for conformity to social norms...
Persistent link: https://www.econbiz.de/10012605978
Persistent link: https://www.econbiz.de/10013263303
This study develops a model of water extraction with endogenous social norms. Many users are connected by a unique shared resource that can become scarce in case of over-exploitation. Preferences of individuals are guided by their extraction values and their taste for conformity to social norms...
Persistent link: https://www.econbiz.de/10012596988