Low, High and Super Congestion of an Open-Access Natural Resource: The Autarky Case

Maurice Schiff

No 13652, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Production of commodities based on open-access renewable natural resources (NR) has usually been examined under "low" congestion (LC) – where MC > AC and both increase with output. I identify two additional congestion categories, "high" (HC) and "super" (SC) congestion – where AC is backward-bending and MC

Keywords: open access; natural resource; low; high and super congestion; autarky and trade (search for similar items in EconPapers)
JEL-codes: D62 F18 Q22 Q27 Q56 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2020-09
New Economics Papers: this item is included in nep-agr, nep-env and nep-int
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Citations: View citations in EconPapers (1)

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