We model dynamic mechanisms for a global commons. Countries benefit from both consumption and aggregate conservation of an open access resource. A country's relative value of consumption-to-conservation is privately observed and evolves stochastically. An optimal quota maximizes world welfare...

In "Bargaining to Lose: The Permeability Approach to Post Transition Resource Extraction" [1] Natasha Chichilnisky-Heal introduces an original and fertile explanation for the resource curse. Her "permeability" approach questions the treatment of the state as a decision maker having the public...

"Within the global framework of Sustainable Development, NTFPs (Non-timber Forest Products) draw a great deal of attentions from scholars. However, previous literature and research has mainly placed emphasis on how commercialization of NTFPs contributed to forest management and local livelihood...

"This paper provides new theoretical clarification and empirical evidence about relational contracts written for the exploitation of oil and gas reservoirs in the United States and Canada. To mitigate common pool losses, oil fields often are developed under unit operating agreements. These...

"This article summarizes and provides additional perspective on a study that contributes to the growing body of analyses of the costs of limiting greenhouse gas emissions. The study estimates the economic costs to Canada of six planning scenarios. Four of these scenarios involve the use of...

"An increase in the frequency and intensity of environmental crises associated with accelerating human-induced global change is of substantial concern to policy makers. The potential impacts, especially on the poor, are exacerbated in an increasingly connected world that enables the emergence of...