Browsing Titles index "Natural-Resource Exploitation with Costly Enforcement of Property Rights"
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Natural-Resource Exploitation with Costly Enforcement of Property Rights
(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 ...