Experiments on common property management

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

Common property resources are (renewable) natural resources where current excessive extraction reduces future resource availability, and the use of which is de facto restricted to a specific set of agents, such as inhabitants of a village or members of a community; think of community-owned forests, coastal fisheries, or water reserves used for irrigation purposes. Standard economic theory predicts that the shared use of a renewable natural resource results in the resource being overexploited. In the real world, some commonly owned resources are indeed severely degraded, but others are not. Identifying why community resource management is successful in some instances but not in others is difficult because of the many confounding mechanisms that are present in the real world. Therefore, economists use economic experiments to pretest the effectiveness of various institutions in sustaining cooperation in resource use such as punishments, rewards, and communication.
Original languageEnglish
Title of host publicationEncyclopedia of Energy, Natural Resource and Environmental Economics
EditorsJ.F. Shogren
Place of PublicationAmsterdam
PublisherElsevier
Pages293-298
Number of pages1056
ISBN (Print)9780080964522
Publication statusPublished - 2013

Publication series

Name
Number2

Fingerprint

Resources
Property management
Common property
Experiment
Natural resources
Pre-test
Confounding
Punishment
Resource use
Fisheries
Water
Communication
Irrigation
Reward
Coast
Economic theory
Resource management
Economic experiments
Economists
Common property resources

Cite this

van Soest, D. P. (2013). Experiments on common property management. In J. F. Shogren (Ed.), Encyclopedia of Energy, Natural Resource and Environmental Economics (pp. 293-298). Amsterdam: Elsevier.
van Soest, D.P. / Experiments on common property management. Encyclopedia of Energy, Natural Resource and Environmental Economics. editor / J.F. Shogren. Amsterdam : Elsevier, 2013. pp. 293-298
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van Soest, DP 2013, Experiments on common property management. in JF Shogren (ed.), Encyclopedia of Energy, Natural Resource and Environmental Economics. Elsevier, Amsterdam, pp. 293-298.

Experiments on common property management. / van Soest, D.P.

Encyclopedia of Energy, Natural Resource and Environmental Economics. ed. / J.F. Shogren. Amsterdam : Elsevier, 2013. p. 293-298.

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

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van Soest DP. Experiments on common property management. In Shogren JF, editor, Encyclopedia of Energy, Natural Resource and Environmental Economics. Amsterdam: Elsevier. 2013. p. 293-298