THE USE OF COMMON-POOL RESOURCES
IN AN AGENT-BASED MODEL
A. Smajgl
CSIRO Sustainable EcosystemsTownsville, Australia
Received: 30 April, 2007. Accepted: 6 October, 2007.
SUMMARY
Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current institutions the question of what effects alternate arrangements would have becomes evident. This step requires a predictive model, which can either be qualitative or, preferably, analyses an empirical case quantitatively. A major conceptual challenge of a quantitative model is the evolution of rules, which define the boundaries for the agents to choose strategies. This paper develops the conceptual foundations for such a modelling approach and an agent-based model for the analysis of institutional arrangements in a CPR setting.
KEY WORDS
multi-agent simulation, agent-based modelling, institutional arrangements, common-pool resources
CLASSIFICATION
JEL: C61, O13, Q19
Full paper as pdf version.