1998
DOI: 10.1287/mnsc.44.9.1234
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Not Only the Tragedy of the Commons: Misperceptions of Bioeconomics

Abstract: An exploratory search for explanations of mismanagement of renewable resources, other than the theory of the commons, was performed by an experiment. Eighty three subjects, mostly recruited from the fisheries sector in Norway, were asked to manage the same simulated virgin fish stock, one subject at a time. Exclusive property rights were granted to rule out the commons problem. Despite perfect property rights, subjects consistently overinvested, leading to an average overcapacity of 60%. The resource was reduc… Show more

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Cited by 162 publications
(117 citation statements)
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“…While fishers agree that poison or dynamite can easily harm, oneself or those nearby, their perception of the stock deterioration mechanism may be vaguer. Such misperceptions of bioeconomics were found in an experiment with people from the fisheries sector in Norway (Moxnes, 1998). Development of the BMUs and the understanding of the importance of conserving the juvenile fish seem to be low-cost management options.…”
Section: Policy Implications and Conclusionmentioning
confidence: 99%
“…While fishers agree that poison or dynamite can easily harm, oneself or those nearby, their perception of the stock deterioration mechanism may be vaguer. Such misperceptions of bioeconomics were found in an experiment with people from the fisheries sector in Norway (Moxnes, 1998). Development of the BMUs and the understanding of the importance of conserving the juvenile fish seem to be low-cost management options.…”
Section: Policy Implications and Conclusionmentioning
confidence: 99%
“…For example, participants in simulated fisheries frequently expand their fleets beyond the maximum sustainable yield, forcing the system over the tipping threshold into the regime in which smaller fish stocks reduce recruitment, leading to still lower stocks and the collapse of the fishery. Overshooting the tipping point persists in laboratory experiments even when the common pool resource problem (the Tragedy of the Commons) is eliminated by assigning perfect property rights (Moxnes 1998(Moxnes , 2004.…”
Section: Foldsmentioning
confidence: 99%
“…The challenges faced with decision making in complex dynamic systems have been researched by a number of authors ( e.g., Brehmer, 1992;Funke , 1991;Jensen, 2005;Moxnes, 1998;2004;Rouwette et al 2004;Sterman, 1989a;Sterman, 1989b). Learning curves, one of these dynamics, have been identified in a range of industries (Dutton and Thomas 1984); their strategic implications have also been extensively explored.…”
Section: Illustration/ Case: Learning Curves In Dynamic Systemsmentioning
confidence: 99%