EconPapers    
Economics at your fingertips  
 

Resource Harvesting Regulation and Enforcement: An Evolutionary Approach

Yannis Petrohilos-Andrianos () and Anastasios Xepapadeas ()

No 1518, DEOS Working Papers from Athens University of Economics and Business

Abstract: We study the evolution of compliance and regulation in a common pool resource setup with myopic appropriators whose decision on whether to comply or not with the harvesting rule is a result of imitation as described by a proportional rule. The regulator first sets the optimal quota and then harvesters can choose between compliance and violation. We investigate myopic regulation and optimal regulation regimes with both proportional and non-proportional fine formulation and and an endogenized probability of audition. The equilibria are then characterized in terms of their stability properties.

Keywords: Common pool resources; replicator dynamics; optimal regulation; compliance (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo, nep-law and nep-res
Date: 2015-12-07
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://wpa.deos.aueb.gr/docs/Resource.Harvesting.Regulation.and.Enforcement.pdf First version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:aue:wpaper:1518

Access Statistics for this paper

More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Series data maintained by Ekaterini Glynou ().

 
Page updated 2017-03-26
Handle: RePEc:aue:wpaper:1518