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Campus where you would like to present
SURC Room 137A
Start Date
15-5-2014
End Date
15-5-2014
Keywords
behavioral economics, resource use, sustainability, ecology, conservation, tragedy of the commons
Abstract
Common-pool resources are often overexploited, leading to a deplorable condition known as the tragedy of the commons. Here, we present a behavioral economic model (Prisoner’s Dilemma) to show how this can happen. Furthermore, we reveal inadequacies in current economic models based on demand and supply, and population biology models based on population replacement rate for sustainable use of biological resources. By combining behavioral economics and population biology, we demonstrate how suboptimal becomes optimal in harvesting renewable resources. This new approach should have a significant policy implication in management, conservation, and sustainable use of biological populations.
Recommended Citation
Sun, Lixing and Takei, Hideki, "How Sustainable Becomes Unsustainable in Resource Use: Insights from Behavioral Economics" (2014). Symposium Of University Research and Creative Expression (SOURCE). 96.
https://digitalcommons.cwu.edu/source/2014/oralpresentations/96
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How Sustainable Becomes Unsustainable in Resource Use: Insights from Behavioral Economics
SURC Room 137A
Common-pool resources are often overexploited, leading to a deplorable condition known as the tragedy of the commons. Here, we present a behavioral economic model (Prisoner’s Dilemma) to show how this can happen. Furthermore, we reveal inadequacies in current economic models based on demand and supply, and population biology models based on population replacement rate for sustainable use of biological resources. By combining behavioral economics and population biology, we demonstrate how suboptimal becomes optimal in harvesting renewable resources. This new approach should have a significant policy implication in management, conservation, and sustainable use of biological populations.
Faculty Mentor(s)
Sun, Lixing