2011
DOI: 10.1016/j.ecolecon.2010.12.011
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Endogenous property rights regimes, common-pool resources and trade

Abstract: This article analyzes the impact of trade on resource stocks through endogenously selected property rights regimes. A two-sector general equilibrium model is developed where opening to trade affects a common property resource stock through a community's voting decision to institute a property rights regime. The model finds that welfare can be maximized when a community degrades its resource stock under optimally selected property rights regimes after opening to trade. Results from a laboratory experiment show … Show more

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Cited by 4 publications
(2 citation statements)
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References 33 publications
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“…A reasonable instrumental variable should have a strong correlation with the core explanatory variable art industry agglomeration and a weak direct correlation with the explained variable economic growth quality [18]. e proportion of pilot cities in the total number of cities in this province is the specific instrumental variable reform rate created in this study.…”
Section: Endogeneity Analysismentioning
confidence: 98%
“…A reasonable instrumental variable should have a strong correlation with the core explanatory variable art industry agglomeration and a weak direct correlation with the explained variable economic growth quality [18]. e proportion of pilot cities in the total number of cities in this province is the specific instrumental variable reform rate created in this study.…”
Section: Endogeneity Analysismentioning
confidence: 98%
“…These characteristics make the governance of CPRs very complicated because, as with private goods, the consumption of resource units by a user (for example, extracting timber from forests, catching sh from sheries, extracting water from groundwater resources, etc.) decreases the total amount of units available for others, and similar to public goods, it is di cult to prevent the exploitation of resource units that are in danger of destruction (Sarker et al, 2008;Velez et al, 2009;Cavalcanti et al, 2010;Anderies et al, 2011;Hikila et al, 2011;Galinato, 2011). The discussion of CPRs started with Hardin's famous article in 1968 entitled Tragedy of Common Resources.…”
Section: Cprsmentioning
confidence: 99%