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Modelling Evolving Rules for the Use of Common-Pool Resources in an Agent-Based Model

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Type: Journal Article
Author: Smajgl, Alexander
Journal: Interdisciplinary Description of Complex Systems
Volume: 5
Date: 2007
URI: https://hdl.handle.net/10535/3485
Sector: Theory
Subject(s): common pool resources--models
institutional analysis--models
agent-based computational economics
Abstract: "Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current institutions the question of what effects alternate arrangements would have becomes evident. This step requires a predictive model, which can either be qualitative or, preferably, analyses an empirical case quantitatively. A major conceptual challenge of a quantitative model is the evolution of rules, which define the boundaries for the agents to choose strategies. This paper develops the conceptual foundations for such a modelling approach and an agent-based model for the analysis of institutional arrangements in a CPR setting."

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