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Open Access vs. Restricted Access with Two Variable Factors: On the Redistributive Effects of a Property Regime Change

Ronan Congar and Louis Hotte ()

No 2014-51, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: CWe consider the factor payment effects of a transition from open access to restricted access in the resource sector in the long-run, i.e., when both labor and capital are mobile between sectors. We show that the transition benefits (harms) the factor that is initially used more (less) intensively in the manufacturing sector relative to the resource sector. Our analysis introduces a dual approach used to compare equilibria between property regime types.

Keywords: Property Rights; Natural Resources; Mobile Capital; Factor Payments; Income Distribution; Dual Approach. (search for similar items in EconPapers)
JEL-codes: D02 D23 D33 K11 Q2 N5 O13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-law
Date: 2014
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