G2TT
来源类型Working Paper
规范类型论文
A Free Lunch in the Commons
Matt J. Kotchen; Stephen W. Salant
发表日期2009-08-05
出版年2009
页码DP 09-30
语种英语
摘要

We derive conditions under which cost-increasing measures - consistent with either regulatory constraints or fully expropriated taxes - can increase the profits of all agents active within a common-pool resource. This somewhat counterintuitive result is possible regardless of whether price is exogenously fixed or endogenously determined. Consumers are made no worse off and, in the case of an endogenous price, can be made strictly better off. The results simply require that total revenue be decreasing and convex in aggregate effort, which is an entirely reasonable condition, as wedemonstrate in the context of a renewable natural resource. We also show that our results are robust to heterogeneity of agents and, under certain conditions, to costless entry and exit. Finally, we generalize the analysis to show its relation to earlier work on the effects of raising costs in a model of Cournot oligopoly.

主题Environmental Economics Topics
URLhttp://www.rff.org/research/publications/free-lunch-commons
来源智库Resources for the Future (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/41008
推荐引用方式
GB/T 7714
Matt J. Kotchen,Stephen W. Salant. A Free Lunch in the Commons. 2009.
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