Comparing and Explaining the Success of a Common Endowed with Different Degrees of Sanctioning
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Date
1999
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Abstract
"Commons are institutions that induce a kind of social dilemma, a 'situation in which private interests are at odds with the collective interests'. Often a group of members manage a common pool resource like fish, meadow, forest or water. The members of a common are competitors in use: What one user takes affects the chances for other users. Under the assumption of rational actors game-theoretical analyses of such commons prescribe an overuse of the resource for a large and relevant class of situations. There are static and dynamic environments."
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Keywords
Workshop, game theory, common pool resources--theory, monitoring and sanctioning--theory, uncertainty--theory