...Kiriti Kanjilal; Félix Muñoz-García We consider a common pool resource (CPR) where, in the first stage, every firm chooses an equity share on its rivals’ profits (cross-ownership), in the second stage, firms compete for the resource, and in the third stage, firms compete again for the resource...

...Robert Mamada; Adam Lampert; Charles Perrings The term tragedy of the commons is widely used to describe the overexploitation of open access common pool resources. Open access allows potential resource users to continue to enter the resource up to the point where rents are exhausted. The resulting...

... is abundant than when it is scarce. Common pool resources (CPRs) are often exploited by many firms. Examples include fishing grounds, forests and oil and gas reservoirs. In the forest industry, for instance, Associated Oregon Loggers reports that 65 logging companies currently operate in the Willamina...