Can Common Ownership Prevent the Tragedy of the Commons? An Experimental Investigation

@article{Puzon2019CanCO,
  title={Can Common Ownership Prevent the Tragedy of the Commons? An Experimental Investigation},
  author={K. Puzon and M. Willinger},
  journal={SRPN: Other Sustainability \& Economics (Topic)},
  year={2019}
}
We study experimentally a two-stage common pool resource game. In the first stage, selected members of the group determine the level of protection for the resource. The protected fraction of the resource is equally shared among group members. In the second stage, the unprotected fraction of the resource is competed for. We consider three institutions varying in the extent by which subjects participate in the first stage: vote (all group members participate), dictator (only one member decides… Expand

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