Now showing items 1-1 of 1

  • Natural-Resource Exploitation with Costly Enforcement of Property Rights 

    Hotte, Louis (Université de Montréal. Département de sciences économiques., 1997)
    This paper proposes a model of natural-resource exploitation when private ownership requires costly enforcement activities. For a given wage rate, it is shown how enforcement costs can increase with labor's average productivity on a resource site. As ...