Private Storage of Common Property

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Private Storage of Common Property

Author Info

Gaudet, G.
Moreaux, M.
Salant, S.W.

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Abstract

This paper examines a characteristic of common property problems unmodeled in the published literature: extracted common reserves are often stored privately rather than sold immediately. We examine the positive and normative effects of such storage, Privatization of common reserves through storage may eliminate inefficiency altogether but the premature extraction involved may also exacerbate them-even if rapid extraction does not reduce ultimate recovery.

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Publisher Info
Paper provided by Michigan - Center for Research on Economic & Social Theory in its series Papers with number 97-08.

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Length: 33 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:michet:97-08

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Postal: UNIVERSITY OF MICHIGAN, DEPARTMENT OF ECONOMICS CENTER FOR RESEARCH ON ECONOMIC AND SOCIAL THEORY, ANN ARBOR MICHIGAN U.S.A.

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Other versions of this item:

Article
- Gaudet, Gerard & Moreaux, Michel & Salant, Stephen W., 2002. "Private Storage of Common Property," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 280-302, March. [Downloadable!] (restricted)
Paper
- GAUDET, Gérard & MOREAUX, Michel & SALANT, Stephen W., 1997. "Private Storage of Common Property," Cahiers de recherche 9704, Universite de Montreal, Departement de sciences economiques. [Downloadable!]

Find related papers by JEL classification:
Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

Cited by:
(explanations, 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.)

Gaudet, G. & Salant, S.W., 2002. "The Effects of Periodic Quotas Limiting the Stock of Imports of Durables," Cahiers de recherche 09-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
Other versions:
- GAUDET, Gérard & SALANT, Stephen W., 2002. "The Effects of Periodic Quotas Limiting the Stock of Imports of Durables," Cahiers de recherche 2002-09, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
- Gaudet, Gerard & Salant, Stephen W., 2003. "The effects of periodic quotas limiting the stock of imports of durables," Journal of Economic Theory, Elsevier, vol. 109(2), pages 402-419, April. [Downloadable!] (restricted)
Ngo Van Long & Gerhard Sorger, 2004. "Insecure Property Rights and Growth: The Roles of Appropriation Costs, Wealth Effects, and Heterogeneity," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
Other versions:
- Ngo Long & Gerhard Sorger, 2006. "Insecure property rights and growth: the role of appropriation costs, wealth effects, and heterogeneity," Economic Theory, Springer, vol. 28(3), pages 513-529, 08. [Downloadable!] (restricted)
Jayasri Dutta & Colin Rowat, 2004. "The Road to Extinction: Commons with Capital Markets," GE, Growth, Math methods 0412001, EconWPA. [Downloadable!]
Other versions:
- Jayasri Dutta & Colin Rowat, 2007. "The Road to Extinction: Commons with Capital Markets," WEF Working Papers 0024, ESRC World Economy and Finance Research Programme, Birkbeck, University of London. [Downloadable!]
- Jayasri Dutta, Colin Rowat, 2006. "The Road to Extinction: commons with capital markets," Discussion Papers 04-11r, Department of Economics, University of Birmingham.
- Jayasri Dutta & Colin Rowat, 2007. "The Road to Extinction: Commons with Capital Markets," Discussion Papers 04-11RR, Department of Economics, University of Birmingham. [Downloadable!]
- Colin Rowat & Jayasri Dutta, 2004. "The road to extinction: commons with capital markets," Econometric Society 2004 North American Summer Meetings 145, Econometric Society. [Downloadable!]
Michael Kremer & Charles Morcom, 2000. "Elephants," American Economic Review, American Economic Association, vol. 90(1), pages 212-234, March. [Downloadable!] (restricted)

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