Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal …’s presence may induce institutional change. Deforestation can be legal or illegal in the model: each district decides how much to …

management, and unsustainable forest exploitation in the form of illegal logging to explore deforestation and agricultural and … to increase deforestation by increasing both land conversion to agriculture and illegal logging. Contrary to current …, and thus deforestation. Confiscation risk decreases timber supply from unsustainable forestry practices while the affect …