Welfare effects of natural resource privatization: a dynamic analysis
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DOI: 10.1017/s1355770x19000342
Abstract: Abstract This paper sets up a dynamic model to study the distributive effects of privatizing an open access resource. We show that with or without discounting, privatization is not always Pareto improving. We further derive… read more here.
Keywords: resource privatization; resource; natural resource; privatization ... See more keywords