Last updated on April 17, 2014 at 1:21 EDT

Latest Devesh Rustagi Stories

2010-11-12 01:45:08

Economists provide field evidence on forest commons management Many imminent problems facing the world today, such as deforestation, overfishing, or climate change, can be described as commons problems. The solution to these problems requires cooperation from hundreds and thousands of people. Such large scale cooperation, however, is plagued by the infamous cooperation dilemma. According to the standard prediction, in which each individual follows only his own interests, large-scale...