This paper presents a simple model of resource extraction where preferences are household's preferences depend on relative consumption levels. We identify two dimensions along which consumption externalities distort the efficient extraction of resources: (i) the static trade-off between...

Intro -- NATURAL RESOURCES: MANAGEMENT, ECONOMIC DEVELOPMENT AND PROTECTION -- NATURAL RESOURCES: MANAGEMENT, ECONOMIC DEVELOPMENT AND PROTECTION -- CONTENTS -- PREFACE -- Chapter 1 COMPETITIVENESS EVALUATION FOR THE ALENTEJO AGRICULTURE AMONG THE MONTADO ECOSYSTEM -- ABSTRACT -- INTRODUCTION --...

Major oil and gas discoveries are often associated with excitement and jubilation among citizens and government officials. But the extent to which discoveries substantially alter citizen expectations about economic conditions in a country remains an open question. The paper combines...