Endogenous Property Rights Regimes, Common Property Resources and Trade Policies

International clamor regarding the potential degradation of the environment in developing countries due to opening to trade has been an important issue that has moved from the streets into academic studies. This dissertation links the effect of opening to trade on resource stocks in developing countries by endogenizing the property rights regime choice. The model explains how communities that have communal ownership of a resource stock select the property rights regime governing the use of their resource stock via a voting mechanism…

Author: Galinato, Gregmar Ignacio

Source: University of Maryland

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