Abstract

http://ssrn.com/abstract=2304566
 
 

References (31)



 


 



Commons Without Tragedy: Sampling Dynamics and Cooperative Resource Extraction


Juan-Camilo Cárdenas


Universidad de Los Andes

César Mantilla


Universidad de los Andes, Colombia - Department of Economics

Rajiv Sethi


Barnard College, Columbia University; Santa Fe Institute

August 1, 2013


Abstract:     
This paper reconsiders evidence from experimental common pool resource games from the perspective of a dynamic model of sampling. Despite being parameter-free, the model is able to replicate some striking features of the data: monotonic frequency distributions, the persistent use of strictly dominated actions, and stable heterogeneity in choices. We argue that these patterns cannot be fully accounted for by existing theories based on other-regarding preferences and norms, and that the dynamics of sampling provide a useful complementary explanation for behavior in social dilemmas.

Number of Pages in PDF File: 29

Keywords: Common Pool Resources Experiments, Sampling Equilibrium

JEL Classification: C73, C91, D03, H41, Q20

working papers series


Download This Paper

Date posted: August 1, 2013  

Suggested Citation

Cárdenas, Juan-Camilo and Mantilla, César and Sethi, Rajiv, Commons Without Tragedy: Sampling Dynamics and Cooperative Resource Extraction (August 1, 2013). Available at SSRN: http://ssrn.com/abstract=2304566 or http://dx.doi.org/10.2139/ssrn.2304566

Contact Information

Juan-Camilo Cárdenas (Contact Author)
Universidad de Los Andes ( email )
Carrera 1a No. 18A-10
Santafe de Bogota, AA4976
Colombia
339-4949 ext. 2473 (Phone)

César Mantilla
Universidad de los Andes, Colombia - Department of Economics ( email )
Carrera 1a No. 18A-10
Santafe de Bogota, AA4976
Colombia
Rajiv Sethi
Barnard College, Columbia University ( email )
3009 Broadway
New York, NY 10027
United States
212-854-5140 (Phone)
212-854-8947 (Fax)
Santa Fe Institute
1399 Hyde Park Road
Santa Fe, NM 87501
United States
Feedback to SSRN


Paper statistics
Abstract Views: 324
Downloads: 62
Download Rank: 205,885
References:  31

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.266 seconds