 Success and failure of communities managing natural resources: Static and dynamic inefficienciesPSE-Ecole d'économie de Paris (Postprint) from HAL Abstract: This paper presents an analytical framework to help understand why some communities successfully manage their renewable natural resources and some fail to do so. We develop a finite-number-of-player, two-period non-cooperative game, where a community can impose an exogenous amount of sanctions. The model develops a nuanced view on Ostrom's conjecture, stating that, in a common-pool resource it is easier to solve the within-period distributional issue than the between-period conservation problem. We first show that rules preventing dynamic inefficiencies may exist even though static inefficiencies still remain. Second, we show an increase in the initial value of the resource may lower the utility of all users when enforcement mechanisms are bounded. Third, we show that inequalities decrease static inefficiencies but increase dynamic ones. Keywords: Common-pool resource; Renewable resource; Conservation; Sanctions; Institutions (search for similar items in EconPapers) Published in Journal of Environmental Economics and Management, 2022, 114, ⟨10.1016/j.jeem.2022.102671⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-03672306 DOI: 10.1016/j.jeem.2022.102671 Access Statistics for this paper More papers in PSE-Ecole d'économie de Paris (Postprint) from HAL |
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