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International Journal of the Commons
Article . 2017 . Peer-reviewed
License: CC BY
Data sources: Crossref
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International Journal of the Commons
Article
License: CC BY
Data sources: UnpayWall
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Common-pool resources are intrinsically unstable

Authors: Tatsuyoshi Saijo; Jun Feng; Yutaka Kobayashi;

Common-pool resources are intrinsically unstable

Abstract

Efficient allocations in common-pool resources cannot be accomplished when appropriators are selfish. In addition, we find that a system of a common-pool resource is locally unstable if there are four or more appropriators. Such instability most likely makes efficiency worse than that in the Nash equilibrium. These results indicate that equilibrium analyses might not capture the essence of the common-pool resource problem. They may also provide an answer to the unexplained pulsing behavior among appropriators and inefficiency observed in experiments.

Keywords

instability, pulsing behavior, experiment, JF20-2112, common-pool resources, Political institutions and public administration (General), best response dynamics

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
8
Top 10%
Average
Average
gold