Open Access Versus Restricted Access in a General Equilibrium with Mobile Capital
Ronan Congar () and
Louis Hotte ()
Additional contact information
Ronan Congar: Université de Rouen Normandie et Normandie Université
Environmental & Resource Economics, 2021, vol. 78, issue 3, No 5, 544 pages
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)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10640-021-00542-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:78:y:2021:i:3:d:10.1007_s10640-021-00542-4
Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2
Access Statistics for this article
Environmental & Resource Economics is currently edited by Ian J. Bateman
More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().