BALESTRA, Carlotta; BRECHET, Thierry; LAMBRECHT, Stéphane - Center for Operations Research and Econometrics (CORE), … - 2010
In an overlapping generations setup we address the issue of the optimal number of property rights to allocate over a natural resource when the goal is to maximize the stock of the natural resource at the steady state. We assume that the effect of the property rights regime on the evolution of...