Relative consumption and renewable resource extraction under alternative property-rights regimes

R&D Productivity and Intellectual Property Rights Protection Regimes

We study …rms’preferences towards intellectual property rights (IPR) regimes in a North-South context, using a simple duopoly model where a ’North’ and a ’South’ …rm compete in a third market. Unlike other contributions in this …eld, we explicitly introduce the South’s capability to undertake cost-reducing R&D, but maintain the South’s inferiority in utilizing and managing its R&D. In contrast ...

Property Rights and Natural Resource : Socio - Economic Heterogeneity and Distributional Implications of Common Property Resource Management

Optimal Inflation Targeting Under Alternative Fiscal Regimes

Flexible inflation targeting has been advocated as a practical approach to the implementation of an optimal state-contingent monetary policy, but theoretical expositions reaching this conclusion have typically abstracted from the fiscal consequences of monetary policy. Here we extend the standard theory by considering the character of optimal monetary policy under a variety of assumptions about...

Indirect Adjustment-costs under Alternative Coordination Regimes

Villas-Boas, and seminar participants at MIT. Of course, the usual disclaimer applies. Abstract The paper is a study of barriers to coordination in terms of agents' incentives to search for and communicate complementary information. In particular, I look at the value of commitment by comparing game forms in which a contract is negotiated prior to, versus after, search and communication. The com...

Property Rights, Collective Action, and Technologies for Natural Resource Management

Deg ra da tion of natu ral re sources has be come a global prob lem that threat ens the live li hood of mil lions of poor peo ple. Many prom is ing tech nolo gies for natu ral re source man age ment are avail able to ad dress these prob lems, but farm ers and oth ers of ten fail to adopt them. Why is this? Al though many fac tors can be iden ti fied, lack of se cure prop erty rights and col lec...