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Studying Economics Reduces Overexploitation in a Common Resource Experiment

Acceso Abierto
ID Minciencias: ART-0000289485-95
Ranking: ART-GC_ART

Abstract:

This paper studies the economical behavior of agents, who make decisions regarding the sustainability of Common-Pool Resources (CPR). For this purpose, economical experiments are applied to simulate the yield of a CPR taking into account the influence of economical training on the learning process of individuals regarding their decisions for sustainability. Based on a non-cooperative game with simultaneous choices, the results of experiments show that after several rounds the existence of economical knowledge reflects a better learning process for making decisions regarding sustainability of CPR.

Tópico:

Experimental Behavioral Economics Studies

Citaciones:

Citations: 2
2

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Información de la Fuente:

FuenteTheoretical Economics Letters
Cuartil año de publicaciónNo disponible
Volumen03
Issue05
Páginas31 - 39
pISSNNo disponible
ISSN2162-2078

Enlaces e Identificadores:

Publicaciones editoriales no especializadas