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Regulating the Commons: The Interplay between Information and Catch Limits with Two Types of Resources

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  • Trevor C. Collier
  • Nancy Haskell
  • Aaron Mamula

Abstract

Empirically identifying effective resource management strategies is challenging with many concurrent regulations. We focus on two common regulations in a spatial common pool resource experiment that involves extracting two different types of resources. Pooled or individual-specific limits regulate harvest of a protected resource, which co-locates with the desirable resource. The experiment design mimics the extraction of target species and protected bycatch in commercial fisheries. We find three key results without other regulations. Desirable resource harvests are lower under pooled than individual limits; information sharing increases desirable resource harvests with individual limits, but exacerbates moral hazard under pooled limits.

Suggested Citation

  • Trevor C. Collier & Nancy Haskell & Aaron Mamula, 2021. "Regulating the Commons: The Interplay between Information and Catch Limits with Two Types of Resources," Land Economics, University of Wisconsin Press, vol. 97(4), pages 951-971.
    • Handle: RePEc:uwp:landec:v:97:y:2021:i:4:p:951-971
    Note: DOI: 10.3368/le.97.4.021220-0018R
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    File URL: http://le.uwpress.org/cgi/reprint/97/4/951
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    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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