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An Intergenerational Common Pool Resource Experiment


Maria-Elisabeth Fischer


affiliation not provided to SSRN

Bernd Irlenbusch


London School of Economics & Political Science - Department of Management; Institute for the Study of Labor (IZA)

Abdolkarim Sadrieh


University of Magdeburg

2003

CentER Discussion Paper No. 2003-57

Abstract:     
Many renewable resources are in intergenerational common pools, exploited by one generation after another. In our experiment, the stock available to each generation depends on the extent of exploitation by previous generations and on resource's growth rate, which is either slow or fast. Subjects show altruistic restraint in exploitation, but not enough to achieve the social optimum. The presence of an intergenerational link induces subjects - both in slow and in fast - to expect less resource exploitation from each other than subjects expect in a single generation control. On average, expectations are too optimistic, especially in slow, where intended free-riding behavior is predominant.

Number of Pages in PDF File: 33

Keywords: Intergenerational common pool resources, growth and altruism, free-riding intentions

JEL Classification: C72, C92, D62, Q20

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Date posted: July 16, 2004  

Suggested Citation

Fischer, Maria-Elisabeth and Irlenbusch, Bernd and Sadrieh, Abdolkarim, An Intergenerational Common Pool Resource Experiment (2003). CentER Discussion Paper No. 2003-57. Available at SSRN: http://ssrn.com/abstract=556076 or http://dx.doi.org/10.2139/ssrn.556076

Contact Information

Maria-Elisabeth Fischer
affiliation not provided to SSRN
No Address Available
Bernd Irlenbusch (Contact Author)
London School of Economics & Political Science - Department of Management ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
+44 (0)20 7955 7840 (Phone)
+44 (0)20 7955 6887 (Fax)
HOME PAGE: http://www.lse.ac.uk/collections/management/
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Abdolkarim Sadrieh
University of Magdeburg ( email )
Faculty of Economics and Management
Postbox 4120
39016 Magdeburg
Germany
HOME PAGE: http://www.ww.uni-magdeburg.de
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