Download this Paper Open PDF in Browser

An Intergenerational Common Pool Resource Experiment

CentER Discussion Paper No. 2003-57

33 Pages Posted: 16 Jul 2004  

Maria-Elisabeth Fischer

affiliation not provided to SSRN

Bernd Irlenbusch

London School of Economics & Political Science - Department of Management; IZA Institute of Labor Economics

Abdolkarim Sadrieh

University of Magdeburg

Date Written: 2003

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.

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

JEL Classification: C72, C92, D62, Q20

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: https://ssrn.com/abstract=556076 or http://dx.doi.org/10.2139/ssrn.556076

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/

IZA Institute of Labor Economics

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

Paper statistics

Downloads
94
Rank
234,236
Abstract Views
1,342