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Low, High and Super Congestion of a Renewable Natural Resource under Autarky and Trade

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  • Schiff, Maurice

    (World Bank)

Abstract

Numerous developing economies depend vitally on renewable natural-resource (NR)-based commodities. This study develops a general equilibrium model to examine the steady-state impact of changes in a small economy's NR congestion under open access and optimal regulation. This issue has often been examined under 'low' congestion (LC) – with MC > AC and both upward sloping. Two more categories, 'high' (HC) and 'super' (SC) congestion – whose AC is backwardbending and MC

Suggested Citation

  • Schiff, Maurice, 2021. "Low, High and Super Congestion of a Renewable Natural Resource under Autarky and Trade," IZA Discussion Papers 14279, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp14279
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    References listed on IDEAS

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    More about this item

    Keywords

    natural resource; low; high and super congestion; open access and optimal regulation; autarky and trade; society’s collapse;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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