We examine the efficiency, distributional, and environmental consequences of assigning spatial property rights to part of a spatially-connected natural resource while the remainder is competed for by an open access fringe. We refer to this as partial enclosure of the commons. We obtain sharp...

Since existing regulatory schemes are often suboptimal, we compare the performance of several second-best control rules implemented on multi-species fisheries in terms of their effect on biodiversity and on effort transfer. We show how these effects depend on the economic returns and on the type...

We consider a dynamic model of non-renewable resource extraction under the assumption that players do not know their opponents' utility functions.[...]

We have witnessed in recent years a revival of Conjectural Variations in Game Theory. This reincarnation of an old idea, using a dynamic point of view, aims at combining the adequacy with facts to the requirements of a firmly grounded theory. This book presents, for the first time, a...