Asymmetric information may protect the commons: The welfare benefits of uninformed regulators
We 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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- Mason, Charles F & Polasky, Stephen, 1994.
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- Ana Espinola-Arredondo & Felix Munoz-Garcia, 2010.
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2010-04, School of Economic Sciences, Washington State University.
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