Year: 2004
Type: article
Abstract: Institutional arrangements are key drivers of the use of common-pool resources (CPR).The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting.Based on a sound understanding of current institutions the question of what effects alternate arrangements would have becomes evident.This step requires a predictive model, which can either be qualitative or, preferably, analyses an empirical case quantitatively.A major conceptual challenge of a quantitative model is the evolution of rules, which define the boundaries for the agents to choose strategies.This paper develops the conceptual foundations for such a modelling approach and an agent-based model for the analysis of institutional arrangements in a CPR setting.
Authors: Alexander Smajgl, Jel C
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2131560385