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Evolutionary Stability in Common Pool Resources

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  • Jean-Philippe Atzenhoffer

Abstract

The Tragedy of the Commons refers to the dissipation of a common- pool ressource when any appropriator has free access to it. Under the behavior of absolute payoff maximisation, the common-pool resource game leads to a Nash equilibrium in which the resource is overexploited. However, some empirical studies show that the overutilization is even larger than the Nash equilibrium predicts. We account for these results in an evolutionary framework. Under an imitation-experimentation dynamics, the long run stable behavior implies a larger exploitation of the resource than in the classical Nash equilibrium.

Suggested Citation

  • Jean-Philippe Atzenhoffer, 2008. "Evolutionary Stability in Common Pool Resources," Working Papers of BETA 2008-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    • Handle: RePEc:ulp:sbbeta:2008-21
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    File URL: http://beta.u-strasbg.fr/WP/2008/2008-21.pdf
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    References listed on IDEAS

    as
    1. Glenn Ellison, 2000. "Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 17-45.
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    4. Wolfgang Leininger, 2006. "Fending off one means fending off all: evolutionary stability in quasi-submodular aggregative games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 713-719, November.
    5. Carlos Alós-Ferrer & Ana Ania, 2005. "The evolutionary stability of perfectly competitive behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 497-516, October.
    6. Joëlle Noailly & Cees Withagen & Jeroen Bergh, 2007. "Spatial Evolution of Social Norms in a Common-Pool Resource Game," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 113-141, January.
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    More about this item

    Keywords

    common-pool resource; imitation behavior; evolutionary stable strategy; evolutionary games.;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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