search query: @indexterm SUSTAINABLE DEVELOPMENT / total: 501
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| Author: | Moxnes, E. |
| Title: | Overexploitation of renewable resources: The role of misperceptions |
| Journal: | Journal of Economic Behavior and Organization
1998 : SEP, VOL. 37:1, p. 107-127 |
| Index terms: | MANAGEMENT SUSTAINABLE DEVELOPMENT RENEWABLE RESOURCES INFORMATION |
| Language: | eng |
| Abstract: | Numerous renewable resources have been exploited beyond limits for sustainable and economic development. At times over-exploitation has been observed even in cases where management regimes have been in place. Thus, it seems pertinent to search for explanations beyond the theory of the commons. An experiment is performed where subjects set reindeer quotas in a district where lichen has been severely depleted by preceding overgrazing. All subjects err on the side of over-exploitation. Behavior seems to be dominated by inappropriate, static mental models and inefficient heuristics. Hence, a subtle information problem is revealed. |
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