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- W2235368569 abstract "This paper develops a general model of common resource extraction where we introduce payments for environmental services to encourage resource users to give up extraction. The goal is to reach a balance between resource use and conservation. As the essence of conservation is dynamic, we use a dynamic model to study the implementation of the compensation scheme. A stable heterogeneous equilibrium can be reached where both extractors and non-extractors live together. We analyze how the success of the compensation depends on factors such as the elasticity of demand and the biological characteristics of the resource." @default.
- W2235368569 created "2016-06-24" @default.
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- W2235368569 date "2013-01-01" @default.
- W2235368569 modified "2023-09-27" @default.
- W2235368569 title "Incentives to give up resource extraction and avoid the tragedy of the commons" @default.
- W2235368569 hasPublicationYear "2013" @default.
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