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Profesores Principal
Juan Camilo Cárdenas
Norms from outside and from inside: an experimental analysis on the governance of local ecosystems
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  • Norms from outside and from inside: an experimental analysis on the governance of local ecosystems

Forest Policy and Economics 6 (2004) 229- 241

The experimental results suggest that individuals do not seem to follow entirely the conventional economic prediction of a minimizer of expected costs of regulations against the benefits from over extracting the resource, and that humans can develop norms based on non-enforceable rules of cooperation. Instead, other elements related to social norms and subjective valuation of the benefits and costs of the regulations might be in play.

 Cardenas NormsInsideOutside FPE.pdf