Institutional form versus function in a common property context: The credibility thesis tested through an agent-based model

A key debate in the study on land, housing and natural resources revolves around the notion that general institutional forms (such as private, common, public, and likewise formal property rights) lead to a certain institutional performance (as may be expressed in terms of prices, transaction costs or sustainability). However, a modest, yet,...

Government management and overexploitation of groundwater resources: absence of local community initiatives in Ardabil plain-Iran

Although mismanagement of groundwater resources has resulted in their destruction over centuries, climate change is speeding up this process more than ever. On the one hand, urgent action by government bodies is needed to address the challenge. On the other hand, a vast body of literature proves that bottom-up collective action, although...