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A vast literature on locally-managed irrigation systems provides important lessons regarding the experience of irrigators with community management. This review draws upon research in sociology, anthropology, political science, engineering and economic theory to suggest a framework for...
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To analyze the effect of asset inequality on cooperation within a group, we consider a two-player noncooperative model of conservation of a common-pool resource (CPR): a fishery. We give necessary and sufficient conditions such that conservation is a Nash equilibrium, and we show that increasing...
Persistent link: https://www.econbiz.de/10010818066
Though widespread, the practice of public subsidies for cultural activity lacks a rigorous and consistent economic rationale. We analyze a canonical market structure that characterizes much cultural activity: the competition of mass-produced goods with heterogeneous non-standardized goods that...
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Decision-makers increasingly look to use non-aid instruments, as well as aid, to achieve the goals of foreign aid policy. These non-aid policies include trade, investment, security and migration policy. Based on an analytical framework emphasizing the direction of causality and the degree of...
Persistent link: https://www.econbiz.de/10005560049
To analyse the effect of asset inequality on co--operation within a group, we consider a two--player nonco--operative model of conservation of a common--pool resource. Overexploitation by one user affects another"s payoff by reducing the next--period catch. We give necessary and sufficient...
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