Asymmetric information may protect the commons: The welfare benefits of uninformed regulators
AbstractWe examine an entry-deterrence model in the commons. We investigate in which contexts asymmetric information among firms becomes welfare improving, and in which settings an uninformed regulator may prefer to assess and disseminate information about the available stock among firms.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 121 (2013)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/ecolet
Entry deterrence; Signaling; Commons; Welfare;
Other versions of this item:
- Ana Espinola-Arredondo & Felix Munoz-Garcia, . "Asymmetric Information may Protect the Commons: The Welfare Benefits of Uniformed Regulators," Working Papers 2013-8, School of Economic Sciences, Washington State University.
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nicolas Faysse, 2005. "Coping with the Tragedy of the Commons: Game Structure and Design of Rules," Journal of Economic Surveys, Wiley Blackwell, vol. 19(2), pages 239-261, 04.
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"Entry Deterrence In The Commons,"
Boston College Working Papers in Economics
209, Boston College Department of Economics.
- Polasky, Stephen & Bin, Okmyung, 2001. "Entry Deterrence and Signaling in a Nonrenewable Resource Model," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 235-256, November.
- Jérémy Laurent-Lucchetti & Justin Leroux & Bernard Sinclair-Desgagné, 2011.
"Splitting an Uncertain (Natural) Capital,"
Cahiers de recherche
- Ana Espinola-Arredondo & Felix Munoz-Garcia, 2010.
"Can Incomplete Information Lead to Under-exploitation in the Commons,"
2010-04, School of Economic Sciences, Washington State University.
- Espínola-Arredondo, Ana & Muñoz-García, Félix, 2011. "Can incomplete information lead to under-exploitation in the commons?," Journal of Environmental Economics and Management, Elsevier, vol. 62(3), pages 402-413.
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