This paper focuses on the interactions between local communities having at least some degree of informal claims over natural resources and external agents, particularly firms interested in commercial resource exploitation. The paper makes three contributions to the existing literature. First,...

This paper provides a formal survey of price and quantity instruments for mitigating global warming. We explicitly consider policies' impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the informational and commitment requirements of the...

A government bargains a mutually convenient agreement with a multinational corporation to extract a natural resource. The corporation bears the initial investment and earns as a return a share on the profits. The host country provides access and guarantee conditions of operation. Being the...

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Although primary industries are important to developing countries, they have been largely unable to contribute to rapid growth. Systematically strengthening the development of local technology-intensive suppliers (t-suppliers), however, may contribute to both reinforcing the industrial base and...

The absence or the presence of the resource curse is often explained by the specifics of political and institutional factors. The aim of this paper is to study this effect looking separately at economic and political institutions and at their interaction. Unlike most empirical papers in the...

Bei der Nutzung von Umwelt und Natur konkurriert die heutige Generation mit zukünftigen Generationen. Mineralische Brennstoffe wie Erdöl, die wir heute verwenden, sind in der Zukunft nicht mehr vorhanden, metallische Rohstoffe lediglich durch die Wiederverwendung teilweise zurückgewinnbar....

Zum Bild einer modernen Wirtschaft gehört häufig die Vorstellung, dass durch die Expansion des Dienstleistungssektors die Bedeutung der Industrie und damit auch der Verbrauch mineralischer Rohstoffe zurückgehen würden. Tatsächlich nimmt deren Verbrauch selbst in hochentwickelten...

We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over and interval. We do not work with the planning solution, commonly invoked in...