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,...

Managing the commons: A simple model of the emergence of institutions through collective action

In this paper we present an abstract replication of institutional emergence patterns observed in common pool resource (CPR) problems. We used the ADICO grammar of institutions as the basic structure to model both users’ strategies and institutions. Through an evolutionary process, users modify their behaviours and eventually establish a...