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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- Espínola-Arredondo, Ana & Muñoz-García, Félix, 2011.
"Can incomplete information lead to under-exploitation in the commons?,"
Journal of Environmental Economics and Management,
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- Jérémy Laurent-Lucchetti & Justin Leroux & Bernard Sinclair-Desgagné, 2011.
"Splitting an Uncertain (Natural) Capital,"
Cahiers de recherche
- 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.
- 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.
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"Entry Deterrence in the Commons,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(2), pages 507-25, May.
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