Common pool resources

Ana Espinola-Arredondo and Felix Munoz-Garcia

Chapter 16 in Elgar Encyclopedia of Energy Economics, 2025, pp 60-63 from Edward Elgar Publishing

Abstract: We present a tractable model of a common pool resource, identifying equilibrium appropriation in each period and evaluating static and dynamic inefficiencies. We then provide a list of environmental policies that help ameliorate the inefficiencies in resource exploitation, along with literature extensions, and how they emphasize or mitigate inefficiencies.

Keywords: Common-Pool Resources; Inefficiencies; Exploitation; Environmental Policy; Information Management (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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