Working paper icon

Working paper

Voracious Transformation of a Common Natural Resource into Productive Capita.

Abstract:

We analyze a power struggle about the control of natural resources where competing factions in society have a private stock of financial assets and a common stock of natural resources with inadequately defined private property rights. We solve a dynamic common-pool problem and obtain political economy variants of the Hotelling rule for resource depletion and the Hartwick saving rule necessary to sustain constant consumption in an economy with exhaustible natural resources. The rate of increas...

Expand abstract

Actions


Access Document


Files:

Authors


Publisher:
OxCarre
Series:
Research Papers
Publication date:
2008-02-01
Language:
English
UUID:
uuid:c80a48bd-d737-4bf9-8b05-78d44eeeb017
Local pid:
oai:economics.ouls.ox.ac.uk:13033
Deposit date:
2011-08-16

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP