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Remittances to developing countries exceed $550 billion annually. Although many poor rural households that depend on these remittances also harvest local common-pool resources, few studies explore this relationship. We develop a dynamic model of a coastal fishing household with remittance...
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We model adoption and diffusion in a commons under uncertainty about a technology’s value. Technological resource stock externalities make technology less valuable with depleted stocks, but transmit information about a new technology’s value, causing faster adoption of high-value technologies.
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