Sustainability is possible despite greed - Exploring the nexus between profitability and sustainability in common pool resource systems
Friedrich Burkhard von der Osten, Michael Kirley, Tim Miller
SCIENTIFIC REPORTS | NATURE PORTFOLIO | Published : 2017
The sustainable use of common pool resources has become a significant global challenge. It is now widely accepted that specific mechanisms such as community-based management strategies, institutional responses such as resource privatization, information availability and emergent social norms can be used to constrain individual 'harvesting' to socially optimal levels. However, there is a paucity of research focused specifically on aligning profitability and sustainability goals. In this paper, an integrated mathematical model of a common pool resource game is developed to explore the nexus between the underlying costs and benefits of harvesting decisions and the sustainable level of a shared,..View full abstract
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Awarded by ARC
This work is supported by ARC grant DP160102231.