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Private Storage of Common Property
(Université de Montréal. Département de sciences économiques., 1997)
This paper examines a characteristic of common property problems unmodeled in the published literature: Extracted common reserves are aften stored privately rather than immediately. We examine the positive and normative ...
Intertemporal and Spatial Depletion of Landfills
(Université de Montréal. Département de sciences économiques., 1997)
This paper generalizes Hotelling's (1931) theory of nonrenewable resources to situations where resource pools and their users are distributed spacially. Extraction and transport costs are assumed to be linear in the rate ...
On the Profitability of Production Constraints in a Dynamic Natural Resource Oligopoly
(Université de Montréal. Département de sciences économiques., 1997)
Static oligopoly analysis predicts that if a single firm in Cournot equilibrium were to be constrained to contract its production marginally, its profits would fall. on the other hand, if all the firms were simultaneously ...