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State Versus Private Ownership
Shleifer, Andrei - 1998
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...
Persistent link: https://www.econbiz.de/10012472146
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Elephants
Kremer, Michael - 1996
Existing models of open-access resources are applicable to non-storable resources, such as fish. Many open-access resources, however, are used to produce storable goods. Elephants, rhinos, and tigers are three prominent examples. Anticipated future scarcity of these resources will increase...
Persistent link: https://www.econbiz.de/10012473168
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Rationing the Commons
Ryan, Nicholas - 2020
Common resources may be managed with inefficient policies for the sake of equity. We study how rationing the commons …
Persistent link: https://www.econbiz.de/10012481328
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Overcoming the common pool problem through voluntary cooperation : the rise and fall of a fishery cooperative
Deacon, Robert T. - 2010
overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
Persistent link: https://www.econbiz.de/10012462317
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Trade, Tragedy, and the Commons
Copeland, Brian R. - 2004
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 …
Persistent link: https://www.econbiz.de/10012467853
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The Value of Secure Property Rights : Evidence from Global Fisheries
Grainger, Corbett A. - 2011
Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotas (ITQs) varies widely; the consequences of...
Persistent link: https://www.econbiz.de/10012461639
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Bridging vs. Bonding Social Capital and the Management of Common Pool Resources
Baylis, Kathy - 2013
Social capital can facilitate community governance, but not all social capital is alike. We distinguish bonding social capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of a common pool resource. We develop a theoretical...
Persistent link: https://www.econbiz.de/10012459468
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Agency, Information and Corporate Investment
Stein, Jeremy C. - 2001
This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i's division A …
Persistent link: https://www.econbiz.de/10012470382
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Tax Policy, Venture Capital, and Entrepreneurship
Keuschnigg, Christian - 2000
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …
Persistent link: https://www.econbiz.de/10012470760
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On the Nature of Capital Adjustment Costs
Cooper, Russell W. - 2000
chosen to reproduce the nonlinear relationship between investment and profitability that we uncover in the plant-level data …
Persistent link: https://www.econbiz.de/10012470812