Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
884155 | Journal of Economic Behavior & Organization | 2009 | 13 Pages |
Abstract
This paper develops and tests several models of pure Nash strategies of individuals who extract from a common pool resource when they are motivated by a combination of self-interest and preferences for altruism, reciprocity, inequity aversion, or conformity. Using data from experiments conducted in three regions of Colombia that depend critically on a local fishery, we test whether an econometric summary of the subjects’ pure Nash strategies is consistent with one or more of these models. We find that a model that balances self-interest with a strong preference for conformity best describes average strategies.
Related Topics
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Authors
Maria Alejandra Velez, John K. Stranlund, James J. Murphy,