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Centralized And Decentralized Management Of Local Common Pool Resources In The Developing World: Experimental Evidence From Fishing Communities In Colombia, Maria Alejandra Velez, James J. Murphy, John K. Stranlund
Centralized And Decentralized Management Of Local Common Pool Resources In The Developing World: Experimental Evidence From Fishing Communities In Colombia, Maria Alejandra Velez, James J. Murphy, John K. Stranlund
John K. Stranlund
This paper uses experimental data to test for a complementary relationship between formal regulations imposed on a community to conserve a local natural resource and nonbinding verbal agreements to do the same. Our experiments were conducted in the field in three regions of Colombia. Each group of five subjects played 10 rounds of an open access common pool resource game, and 10 additional rounds under one of five institutions— communication alone, two external regulations that differed by the level of enforcement, and communication combined with each of the two regulations. Our results suggest that the hypothesis of a complementary relationship …