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Open Access Versus Restricted Access in a General Equilibrium with Mobile Capital

Ronan Congar () and Louis Hotte ()
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Ronan Congar: Université de Rouen Normandie et Normandie Université

Environmental & Resource Economics, 2021, vol. 78, issue 3, No 5, 544 pages

Abstract: Abstract Open Access versus Restricted Access in a General Equilibrium with Mobile Capital We consider an economy with two sectors, resource and manufacturing, in a general-equilibrium setting. Two property regimes in the resource sector are compared, open access versus restricted access, with both labor and capital mobility. We first contribute by deriving the multi-factor demand conditions under open access. We provide necessary and sufficient conditions for a factor to gain from a property regime change. Redistributive effects depend crucially on relative factor intensities. Contrary to common wisdom, labor may gain from being “expelled” from the resource sector following privatization.

Keywords: Property rights; Natural resources; Open access; General equilibrium; Mobile capital; Factor payments; Factor intensities; Income distribution (search for similar items in EconPapers)
JEL-codes: D02 D23 D33 K11 N5 O13 Q2 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s10640-021-00542-4

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