search query: @freeterm Social capital / total: 82
reference: 52 / 82
| Author: | Osés-Eraso, N. Viladrich-Grau, M. |
| Title: | On the sustainability of common property resources |
| Journal: | Journal of Environmental Economics and Management
2007 : VOL. 53:3, p.393-410 |
| Index terms: | co-operation |
| Freeterms: | common property resource evolutionary framework sustainable management social capital |
| Language: | eng |
| Abstract: | This paper provides a model where a common property resource is managed by two types of agents, cooperators and non-cooperators, who adjust their extraction strategies in response to persistent differential payoffs. In the model, the social approval of cooperators works as a reward mechanism which favors both the pervasiveness of cooperative behavior and the sustainable management of natural resources. Specifically, it is shown that, in the presence of such a reward mechanism, a stable equilibrium can be reached with both strategies practiced simultaneously and a decentralized and sustainable management of common property resources is possible. |
SCIMA