... approach would have failed. * The authors acknowledge with gratitude funding support from the Institute for New Economic Thinking. © 2017 R. McKitrick and J. Lee 2017 R. McKitrick and J. Lee Licensed re-use rights only Bankruptcy Common-pool resource Coordination Experiment Risk...

... crops. We therefore analyze the spatial distribution of GM and non-GM crops. When producers follow individual strategies, many spatial configurations arise in equilibrium, some of which are more efficient than others. We examine how coordination among producers impacts the spatial distribution of crop...

...-use rights only Bankruptcy Common-pool resource Coordination Experiment Risk aversion Self-insurance Rationing rules Water management Q28 C92 Q25 Wireless technology is proliferating rapidly, and the vision of pervasive wireless computing and communications offers...

... with the four rules. However, the experimental data show that agents' decisions are impacted by the rule. Coordination on the optimal self-insurance level is higher with the no allocation rule. However, total gains are higher with the constrained-equal awards rule, and their variability is reduced. Rules which...

... Scientists (B), No. 23730184. © 2013 T. Fujii and R. Ishikawa 2013 T. Fujii and R. Ishikawa Licensed re-use rights only Bankruptcy Common-pool resource Coordination Experiment Risk aversion Self-insurance Rationing rules Water management The value of the prospect of future...