We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is … at any world price, have zero rents and suffer from the tragedy of the commons. Ostrom economies exhibit de facto open …

Common resources may be managed with inefficient policies for the sake of equity. We study how rationing the commons …

This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth … imperfect competition and scale economies. This sort of old-growth-theory-in-a-new-trade-model has not been thoroughly explored …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness …

Three ways of averting "excess saving" have been emphasized in both theory and practice. The thrust of the Keynesian … consumption or investment. In this way, aggregate demand would be maintained by substituting public consumption for private …