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CENTRALIZED AND DECENTRALIZED MANAGEMENT OF LOCAL COMMON POOL RESOURCES IN THE DEVELOPING WORLD: EXPERIMENTAL EVIDENCE FROM FISHING COMMUNITIES IN COLOMBIA
Author(s) -
VELEZ MARIA ALEJANDRA,
MURPHY JAMES J.,
STRANLUND JOHN K.
Publication year - 2010
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.2008.00125.x
Subject(s) - fishing , common pool resource , natural resource , economics , field (mathematics) , test (biology) , resource (disambiguation) , public economics , environmental resource management , microeconomics , ecology , biology , computer science , computer network , mathematics , pure mathematics
This article 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. Our results suggest that the hypothesis of a complementary relationship between communication and external regulation is supported for some combinations of regions and regulations but cannot be supported in general. We conclude that the determination of whether formal regulations and informal communication are complementary must be made on a community‐by‐community basis. ( JEL C93, H41, Q20, Q28)