Stockholm Resilience Centre offers interdisciplinary courses on first (Undergraduate), second (Master's) and third (PhD) levels of University education. Want to know more about our courses? Click here!
Natural resources are vulnerable to overexploitation in the absence of effective management. However, norms, enforced by social ostracism, can promote cooperation and increase stock biomass in common-pool resource systems. Unfortunately, the long-term sustainable use of a resource is not assured even if cooperation, maintained by ostracism and aimed at optimizing resource use, exists. Here, using the example of fisheries, we show
that for a cooperative to be maintained by ostracism over time, it often must act inefficiently, choosing a ‘secondbest’ strategy where the resource is over-harvested to some degree. Those cooperatives that aim for maximum sustainable profit, the “first-best” harvest strategy, are more vulnerable to invasion by independent harvesters, leading to larger declines in the fish population. In contrast, second-best strategies emphasize the resistance to invasion by independent harvesters over maximizing yield or profit. Ultimately, this leads to greater long-run payoffs to the resource users as well as higher resource stock levels.
This highlights the value of pragmatism in the design of cooperative institutions for managing natural resources.
Research news | 2017-10-19
The starting point for a rethink on how we produce our food
Research news | 2017-10-18
Beatrice Crona awarded fellowship in new leadership programme on global health
Research news | 2017-10-16
How investments in solar energy go beyond access to electricity to positively affect people’s life expectancy and years of schooling
Research news | 2017-10-12
Stockholm Resilience Centre acts as impact partner for their Global Solutions Program
Research news | 2017-10-11
How pro-environmental interest groups were able to push for reforms of the EU Common Fisheries Policy
Educational news | 2017-10-02
Introducing our new executive programme in resilience thinking