The distributional impact of common‐pool resource regulations

Stefan Ambec and Carine Sebi

Indian Growth and Development Review, 2011, vol. 4, issue 2, 123-141

Abstract: Purpose - Regulating common‐pool resources is welfare enhancing for society but not necessarily for all users who may therefore oppose regulations. The purpose of this paper is to examine the short‐term impact of common‐pool resource regulations on welfare distribution. Design/methodology/approach - The authors model a game of common‐pool resource extraction among heterogeneous users. Findings - It was found that market‐based regulations such as fees and subsidies or tradable quotas achieve a higher reduction of extraction from free‐access than individual quotas with the same proportion of better‐off users. Also, they make more users better‐off for the same resource preservation. Originality/value - The quota regulation has attractive fairness properties: it reduces inequality while still rewarding the more efficient users.

Keywords: Natural resources; Regulations; Common‐pool natural resources; Quotas; Welfare; Fairness; Fisheries; Environment; Agriculture; Political economy of growth and development; Income and wealth distribution (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Working Paper: The distributional impact of common-pool resource regulations (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eme:igdrpp:v:4:y:2011:i:2:p:123-141

DOI: 10.1108/17538251111172032

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