Could institutional reform have saved Easter Island?

R. Morris Coats and Thomas R. Dalton
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Thomas R. Dalton: Southern University at New Orleans, 6400 Press Drive, New Orleans, LA 70126, USA

Journal of Evolutionary Economics, 2000, vol. 10, issue 5, 489-505

Abstract: This paper extends the Brander and Taylor general-equilibrium model of population and resource management dynamics to a variety of institutional settings. The authors simulate the economic history of Easter Island, modifying the model to examine the impact of market institutions and different property-rights structures. The major finding of the paper is that modification of the economic institutions on Easter Island could have damped the feast-and-famine cycles that plagued its later history.

Keywords: Easter; Island; -; Property-rights; institutions; -; Consumption; rights; -; Common; access; -; Private; property; -; Population; dynamics; -; Feast-and-famine; cycles (search for similar items in EconPapers)
JEL-codes: P51 Q21 (search for similar items in EconPapers)
Date: 2000-10-23
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Citations: View citations in EconPapers (17)

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