Studying Economics Reduces Overexploitation in a Common Resource Experiment
نویسندگان
چکیده
منابع مشابه
Economics of overexploitation revisited.
About 25% of the world's fisheries are depleted such that their current biomass is lower than the level that would maximize the sustained yield (MSY). By using methods not previously applied in the fisheries conservation context, we show in four disparate fisheries (including the long-lived and slow-growing orange roughy) that the dynamic maximum economic yield (MEY), the biomass that produces ...
متن کاملAn intergenerational common pool resource experiment
Many renewable resources are in intergenerational common pools, exploited by one generation after another. In our experiment, the stock available to each generation depends on the extent of exploitation by previous generations and on resource’s growth rate, which is either ‘‘slow’’ or ‘‘fast.’’ Subjects show altruistic restraint in exploitation, but not enough to achieve the social optimum. The...
متن کاملInvestigating the Rationality of Behavioral Economics in Mental Accounting by Studying Laboratory Economics
The purpose of this study is to investigate the rationality of behavioral economics in mental accounting by studying laboratory economics. Undoubtedly, economic man, whose fundamental characteristic is rationality, is the starting point for economic analysis. In conventional economics, the premise of rationality is the cornerstone and the premise of all economic theories. However, critics of ec...
متن کاملOverexploitation Carlos A. Peres
In an increasingly human-dominated world, where most of us seem oblivious to the liquidation of Earth’s natural resource capital (Chapters 3 and 4), exploitation of biological populations has become one of the most important threats to the persistence of global biodiversity. Many regional economies, if not entire civilizations, have been built on free-for-all extractive industries, and history ...
متن کاملWhat Constitutes a Field Experiment in Economics?
Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions. We argue that there is something methodologically fundamental behind this trend. Field experiments differ from laboratory experiments in many ways. ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2013
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2013.35a2006