Comparing regulations to protect the commons: An experimental investigation

Stefan Ambec (1, 2) , Alexis Garapin (3, 4) , Laurent Muller (4) , Arnaud Reynaud (1, 2) , Carine Sebi (4)

1 LERNA - Economie des Ressources Naturelles
2 INRA - Institut National de la Recherche Agronomique
3 UGA UFR FEG - Université Grenoble Alpes - Faculté d'Économie de Grenoble
4 GAEL - Laboratoire d'Economie Appliquée de Grenoble

In a laboratory experiment we test three regulations imposed on a common-pool resource game with heterogeneous users: an access fee and subsidy scheme, transferable quotas and non-transferable quotas. We calibrate the game so that all regulations improve users’ profits compared to free-access extraction. We compare the regulations according to five criteria: resource preservation, individual profits, profit difference, Pareto-improvement from free-access and sorting of the most efficient users. One of the main findings is that, even though it performs better in sorting out the most efficient subjects, the fee and subsidy scheme is not more profitable than tradable quotas.

Mots clés: common-pool resource; regulation; permit; tax; taxes

Mots clés: expérience de laboratoire; quota; impôt; ressource commune; réglementation

Domaines: Economies et finances; Etudes de l'environnement

Stefan Ambec, Alexis Garapin, Laurent Muller, Arnaud Reynaud, Carine Sebi. Comparing regulations to protect the commons: An experimental investigation. Environmental and Resource Economics, 2014, 58 (2), pp.219-244. ⟨10.1007/s10640-013-9700-9⟩. ⟨hal-01517242⟩