This paper extends the Brander and Taylor general-equilibrium model of population and resource management dynamics to a variety of institutional settings. The authors simulate the economic history of Easter Island, modifying the model to examine the impact of market institutions and different property-rights structures. The major finding of the paper is that modification of the economic institutions on Easter Island could have damped the feast-and-famine cycles that plagued its later history.
CITATION STYLE
Dalton, T. R., & Coats, R. M. (2000). Could institutional reform have saved Easter Island? Journal of Evolutionary Economics, 10(5), 489–505. https://doi.org/10.1007/s001910000050
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