Voracious transformation of a common natural resource into productive capital.
I analyze a power struggle where competing factions have private financial assets and deplete a common stock of natural resources with no private property rights. I obtain a feedback Nash equilibrium to the dynamic common-pool problem and obtain political variants of the Hotelling depletion rule and...
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| Formato: | Journal article |
| Idioma: | English |
| Publicado em: |
Wiley
2010
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