Common Pool Resources

Reviews / Votes

'If you are looking for a textbook on common-pool resource problems that is both rigorous and intuitive, then you can't go wrong with this book. In a clear and engaging writing style, it provides comprehensive coverage of the individual and combined roles of strategic interactions, information and dynamics on the outcomes for all the involved parties. Professors and students will appreciate the analysis and exercises.' George Zaccour, HEC Montreal, Canada 'Common-pool-resources experience the tragedy of the commons. The wonderful framework presented in this book addresses strategic behavior, inefficiencies, and incomplete information, all of which challenge optimal CPR management. This introductory-level textbook features simple and simplified game theory models and an emphasis on the institutions behind the various modeling assumptions. Presented in a clear manner, this textbook is accessible to both senior undergraduates as well as to graduate students and scholars.' Ariel Dinar, University of California, Riverside 'This book provides an excellent explanation of common pool resources use by building a simple model and expanding on that model to incorporate many of the complexities associated with natural resources including repeated interactions, incomplete information, and uncertainty. The material presented introduces more complex economic modeling but at a level that is still useful for advanced undergraduates.' Adrienne Ohler, University of Missouri 'This textbook offers a great introduction to Common Pool Resources. It is a helpful tool that provides not only a step by step guide on how to solve CPR problems but also the economic interpretation of the results to help understand the intuition behind the outcomes.' Eleni Stathopoulou, Nottingham Trent University