Commons as a risk-management tool: Theoretical predictions and an experimental test (notice n° 545793)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01992cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113826.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Brunette, Marielle |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Commons as a risk-management tool: Theoretical predictions and an experimental test |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2020.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 46 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Common-pool resources (CPR) are frequently used as risk-management tools against risk on private activities. This paper analyzes the impact of this use of CPR as a safety-net on individual investment into and extraction from the commons. Agents of the community first choose to invest in their private project and in the CPR; second, they choose how much to extract from their private project and the commons. The model compares two types of risk-management tool: CPR as (ex post) risk-coping and (ex ante) risk-diversification mechanisms. It also compares two situations regarding risk: risk on a private project and uncertainty on CPR investment by other community members. The theoretical predictions are empirically tested with experimental economics. To this end, we propose an original CPR game composed of an investment period and an extraction period. Our result clearly shows that risk reduction in the private project unambiguously decreases investment in the CPR, while it does not impact CPR extraction. We also show that a risk-coping strategy is well understood as more flexible and influenced by the outcome in terms of private project yield. JEL Classification: C33, H41, O13 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | common-pool resource |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | deforestation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | risk |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | experimental economics |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Delacote, Philippe |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Garcia, Serge |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Rousselle, Jean-Marc |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie politique | 130 | 3 | 2020-07-10 | p. 405-439 | 0373-2630 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-politique-2020-3-page-405?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-politique-2020-3-page-405?lang=en&redirect-ssocas=7080</a> |
Pas d'exemplaire disponible.
Réseaux sociaux