Economics at your fingertips  


Carlos Rodríguez-Sickert (), Ricardo Andrés Guzmán () and Juan Camilo Cárdenas ()
Authors registered in the RePEc Author Service: Carlos Rodriguez-Sickert (), Ricardo Andrés Guzmán () and Juan-Camilo Cardenas ()

Documentos CEDE from Universidad de los Andes - CEDE

Abstract: We model the dynamic effects of external enforcement on the exploitation of a common pool resource. Fitting our model to the results of experimental data we find that institutions influence social preferences. We solve two puzzles in the data: the increase and later erosion of cooperation when commoners vote against the imposition of a fine, and the high deterrence power of low fines. When fines are rejected, internalization of a social norm explains the increased cooperation; violations (accidental or not), coupled with reciprocal preferences, account for the erosion. Low fines stabilize cooperation by preventing a spiral of negative reciprocation.

Keywords: Field experiments; common pool resources; cooperation; enforcement; regulation; social preferences; social norms; learning models (search for similar items in EconPapers)
JEL-codes: C93 D01 D64 D83 H4 H3 Q28 (search for similar items in EconPapers)
Pages: 28
Date: 2006-07-05
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

Related works:
Journal Article: Institutions influence preferences: Evidence from a common pool resource experiment (2008) Downloads
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:

Access Statistics for this paper

More papers in Documentos CEDE from Universidad de los Andes - CEDE
Bibliographic data for series maintained by Universidad De Los Andes-Cede ().

Page updated 2021-02-28
Handle: RePEc:col:000089:002890