Stoeven, Max T.; Quaas, Martin F. - 2012
Renewable resources can provide society with (i) resource rent, (ii) consumer surplus and (iii) worker surplus in … resource harvesting. In a dynamic analysis we show that privatization increases the present values of consumer surplus and ….1 billion USD, while the present value of consumer surplus would decrease by 0.4 billion USD. These diverging interests may …