Asymmetric Information may Protect the Commons: The Welfare Benefits of Uniformed Regulators
We examine an entry-deterrence model in the commons. We investigate in which contexts the presence of asymmetric information among the fi?rms exploiting the commons becomes welfare improving, relative to complete information, and in which settings an uninformed regulator might have incentives to assess and disseminate the available stock among potential entrants.
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- Mason, Charles F & Polasky, Stephen, 1994.
"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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- Espínola-Arredondo, Ana & Muñoz-García, Félix, 2011.
"Can incomplete information lead to under-exploitation in the commons?,"
Journal of Environmental Economics and Management,
Elsevier, vol. 62(3), pages 402-413.
- Ana Espinola-Arredondo & Felix Munoz-Garcia, 2010. "Can Incomplete Information Lead to Under-exploitation in the Commons," Working Papers 2010-04, School of Economic Sciences, Washington State University.
- Jérémy Laurent-Lucchetti & Justin Leroux & Bernard Sinclair-Desgagné, 2011.
"Splitting an Uncertain (Natural) Capital,"
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11-01, HEC Montréal, Institut d'économie appliquée.
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