Baland, Jean-Marie; Bjorvatn, Kjetil - Faculté des Sciences Économiques, Sociales et de … - 2009
The privatization of a natural resource is often proposed as a solution to the degradation of natural resources under open access, known as the Tragedy of the Commons. However, this efficiency improvement may come at a distributional cost (Weitzman, 1974) as traditional users of the resource...