Rent dissipation in a limited-access common-pool resource: Experimental evidence

by: James M Walker, Roy Gardner, Elinor Ostrom

Journal of Environmental Economics and Management, Vol. 19, No. 3. (November 1990), pp. 203-211.

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Abstract

This paper examines group behavior in an experimental environment designed to parallel the conditions specified in noncooperative models of limited-access common-pool resources. Using experimental methods, we investigate the strength of theoretical models which predict that users of such resources will appropriate units at a rate at which the marginal returns from appropriation are greater than the marginal appropriation costs. Our results confirm the prediction of suboptimal accrual of rents and offer evidence on the effects of increasing investment capital available to appropriators.

@article{citeulike:2587916, abstract = {This paper examines group behavior in an experimental environment designed to parallel the conditions specified in noncooperative models of limited-access common-pool resources. Using experimental methods, we investigate the strength of theoretical models which predict that users of such resources will appropriate units at a rate at which the marginal returns from appropriation are greater than the marginal appropriation costs. Our results confirm the prediction of suboptimal accrual of rents and offer evidence on the effects of increasing investment capital available to appropriators.}, author = {Walker, James M. and Gardner, Roy and Ostrom, Elinor }, citeulike-article-id = {2587916}, doi = {10.1016/0095-0696(90)90069-B}, journal = {Journal of Environmental Economics and Management}, keywords = {common\_pool}, month = {November}, number = {3}, pages = {203--211}, posted-at = {2008-03-25 23:52:00}, priority = {2}, title = {Rent dissipation in a limited-access common-pool resource: Experimental evidence}, url = {http://dx.doi.org/10.1016/0095-0696(90)90069-B}, volume = {19}, year = {1990} }

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TY - JOUR ID - citeulike:2587916 TI - Rent dissipation in a limited-access common-pool resource: Experimental evidence JF - Journal of Environmental Economics and Management VL - 19 IS - 3 SP - 203 EP - 211 N2 - This paper examines group behavior in an experimental environment designed to parallel the conditions specified in noncooperative models of limited-access common-pool resources. Using experimental methods, we investigate the strength of theoretical models which predict that users of such resources will appropriate units at a rate at which the marginal returns from appropriation are greater than the marginal appropriation costs. Our results confirm the prediction of suboptimal accrual of rents and offer evidence on the effects of increasing investment capital available to appropriators. KW - common_pool AU - Walker, James AU - Gardner, Roy AU - Ostrom, Elinor PY - 1990/11// UR - http://dx.doi.org/10.1016/0095-0696(90)90069-B ER -

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