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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- Charles F. Manson & Stephen Polasky, 1993.
"Entry Deterrence In The Commons,"
Boston College Working Papers in Economics
209, Boston College Department of Economics.
- Ana Espinola-Arredondo & Felix Munoz-Garcia, 2010.
"Can Incomplete Information Lead to Under-exploitation in the Commons,"
2010-04, School of Economic Sciences, Washington State University.
- 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.
- Jérémy Laurent-Lucchetti & Justin Leroux & Bernard Sinclair-Desgagné, 2011.
"Splitting an Uncertain (Natural) Capital,"
Cahiers de recherche
11-01, HEC Montréal, Institut d'économie appliquée.
- 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.
- 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.
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