The tragedy of commons and free mobility

Dolgorsuren Dorj

Economics Bulletin, 2011, vol. 31, issue 1, 9-16

Abstract: We characterize free mobility equilibrium in a common pool resource setting with two localities. We find that adopting a decentralized management in just one locality increases agents' welfare not only in the regulated locality but in the unregulated locality as well.

Keywords: Common dilemmas; Sanctions; Free mobility. (search for similar items in EconPapers)
JEL-codes: C7 (search for similar items in EconPapers)
Date: 2011-01-04
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