Resource management under endogenous risk of expropriation

This paper explores how the dynamic management of a non-renewable resource is affected by an endogenous (i.e., mitigable) risk of expropriation. The time at risk increases with the value of the resource in the ground and decreases with the cost of expropriating the resource. When the risk of expropr...

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Autores:

Tipo de recurso:

Fecha de publicación:

2018

Institución:

Universidad del Rosario

Repositorio:

Repositorio EdocUR - U. Rosario

Idioma:

eng

OAI Identifier:

oai:repository.urosario.edu.co:10336/22928

Acceso en línea:

https://doi.org/10.1016/j.reseneeco.2017.11.002
https://repository.urosario.edu.co/handle/10336/22928

Palabra clave:

Economics
Natural resources management
Societies and institutions
Capacity constraints
Depletion
Dynamic management
Endogenous capacities
Extraction capacity
Non-renewable resource
Property right
Resource management
Extraction
Extraction method
Investment
Nonrenewable resource
Property rights
Resource depletion
Resource management
Risk assessment
Cost of expropriation
Depletion
Extraction capacity
Institutions
Non-renewable resources
Weak property rights

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Abierto (Texto Completo)