Schumpeterian Behavior in a CPR Game: Experimental Evidence from Colombian Fisheries Under TURF’s Management
2018 ◽
Vol 9
(4)
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pp. 109-119
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Keyword(s):
Abstract This paper studies the behavior of Pacific-Colombian fishermen in a Common-Pool Resource game. The results show that decision-making depends on fishermen’s schooling, sex and last round payoffs. Focusing on individual information, we observe that human capital, measured in years of schooling, has a significant effect on decision-making. Specifically, players with higher schooling adjust their decisions towards on lower levels of harvest, leading closer to the cooperative solution. This behavior could be explained by the better-educated subjects’ improved understanding of the information available to them and possible coordination of efforts due to TURF-based management in the zone.
2015 ◽
Vol 118
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pp. 215-226
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2001 ◽
Vol 42
(2)
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pp. 140-155
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2018 ◽
Vol 73
(4)
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pp. 973-993
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2019 ◽
Vol 10
(3)
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Keyword(s):
1990 ◽
Vol 19
(3)
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pp. 203-211
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Keyword(s):
2022 ◽
Vol 194
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pp. 139-160
2009 ◽
Vol 70
(3)
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pp. 485-497
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