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Does Scarcity Exacerbate the Tragedy of the Commons? Evidence from Fishers’ Experimental Responses AgEcon
Maldonado, Jorge Higinio; Moreno-Sanchez, Rocio del Pilar.
Economic Experimental Games (EEGs), focused to analyze dilemmas associated with the use of common pool resources, have shown that individuals make extraction decisions that deviate from the suboptimal Nash equilibrium. However, few studies have analyzed whether these deviations towards the social optimum are affected as the stock of resource changes. Performing EEG with local fishermen, we test the hypothesis that the behavior of participants differs under a situation of abundance versus one of scarcity. Our findings show that under a situation of scarcity, players over-extract a given resource, and thus make decisions above the Nash equilibrium; in doing so, they obtain less profit, mine the others-regarding interest, and exacerbate the tragedy of the...
Tipo: Working or Discussion Paper Palavras-chave: Tragedy of the commons intensified; Economic experimental games; Resource abundance; Resource scarcity; Dynamic effects; Community/Rural/Urban Development; Environmental Economics and Policy; Institutional and Behavioral Economics; Land Economics/Use; Public Economics; D01; D02; D03; O13; O54; Q01; Q22; C93; C72; C73; C23.
Ano: 2009 URL: http://purl.umn.edu/91170
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Resource Abundance, Poverty and Development AgEcon
Bulte, Erwin H.; Damania, Richard; Deacon, Robert T..
The negative correlation between resource endowments and GDP growth remains one of the most robust findings in the empirical growth literature, and has been coined the “resource curse hypothesis”. The policy consequences of this result are potentially far reaching. If natural resources are an inescapable curse, this may imply that countries richly endowed with natural resources can only develop by turning their backs on their comparative advantage and diversifying into other non-resource based activities. This paper analyzes whether the negative statistical relationship between natural resource abundance and economic growth spills over to other important economic and social indicators. The impact of resource wealth on several proxies of economic...
Tipo: Working or Discussion Paper Palavras-chave: Resource abundance; Economic growth; Developing countries; Cross-country analysis.; Food Security and Poverty; Q2; Q3; O13; O47; O57.
Ano: 2004 URL: http://purl.umn.edu/23803
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