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Open Access vs. Restricted Access with Two Variable Factors: On the Redistributive Effects of a Property Regime Change

Author

Listed:
  • Ronan Congar

    (Faculty of Law, Economics and Management, University of Rouen, Rouen, France)

  • Louis Hotte

    (Department of Economics, University of Ottawa, Ottawa, ON)

Abstract

We consider the factor payment effects of a transition from open access to restricted access in the resource sector in the long-run, i.e., when both labor and capital are mobile between sectors. We show that the transition benefits (harms) the factor that is initially used more (less) intensively in the manufacturing sector relative to the resource sector. Our analysis introduces a dual approach used to compare equilibria between property regime types.

Suggested Citation

  • Ronan Congar & Louis Hotte, 2014. "Open Access vs. Restricted Access with Two Variable Factors: On the Redistributive Effects of a Property Regime Change," Working Papers E1406E, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:1406e
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    References listed on IDEAS

    as
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    4. Mayer, Wolfgang, 1974. "Short-Run and Long-Run Equilibrium for a Small Open Economy," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 955-967, Sept./Oct.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Property Rights; Natural Resources; Mobile Capital; Factor Payments; Income Distribution; Dual Approach.;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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