Putting foxes in charge of the hen-house: the political economy of harvest quota regulations
نویسنده
چکیده
This paper considers a dynamic common agency model of natural resource harvest quota regulation in which both conservationists and harvesters vie to influence the regulator’s quota allocations as well as the choice of regulator. Conservationists tend to benefit from the adoption of regulation since the regulator will reduce the aggregate harvest quota relative to the unregulated equilibrium. Harvesters, however, only support the adoption of regulation if the regulator places sufficient weight on their welfare. Because harvester’s support of regulation is conditional while conservationist’s support of regulation is unconditional, harvester’s interests tend to be over-represented in the truthful Markov Perfect equilibrium. JEL Codes: D72, C73, Q28, Q38 ∗Professor of Economics, Department of Economics, University of Calgary, 2500 University Drive, N.W., Calgary, Alberta, T2N 1N4, Canada. email: [email protected]; telephone: 403-220-5860.
منابع مشابه
Dutch Disease, Rentier State, and Resource Curse: A Characteristic Triangle and Ultra Challenge in the Iranian Economy
O wning Natural resources has been beneficial for some Countries, but hurtful for some others. Optimum management of natural resources in the former group has enhanced economic growth, bad governance, however, has led to Dutch Disease in the latter group. Bad governance in Iran has created Dutch Disease, Rentier State, and Resource Curse, DRR as a characteristic triangle. As the Iran...
متن کاملEvaluation of urban management and political Scandinavian economy (case study: Sweden and Norway)
Study on international political economy of two countries, Sweden and Norway, in international interactions allows us to examine political economy of these two countries as the case study for further understanding of macro patterns of international political economy. Thus, understanding the power of influence of international developments in two economic and political areas in internal relatio...
متن کاملAn Investigation into the Hegelian Government's Functions in Organizing the Political Economy of Geographical Space
Aims & Backgrounds :The political economy of space studies the spatial patterns of capital, public goods, infrastructure, and how to adopt the necessary measures for the continuation of capital accumulation by political actors. Obviously, among different frames of political economy, the state-oriented approach seeks to study the role of actors and governing institutions in who distribution of p...
متن کاملThe political economy of space and Iran's regional balance
Introduction Countries with a rentier economy are usually dependent on the export of raw materials. Such countries have a centralized political system and inefficient bureaucracy that incorporate a broader administrative division in one or two cities. Dependence on the global economy (Endogenous Development), and the lack of a democratic political system, provides good conditions of centrali...
متن کاملResistive Economy; A Symbol of Jihadi Management in Iran's Political Economy
Following the victory of Islamic revolution, numerous efforts were carried out to transform Iran's underdeveloped condition. Despite all these efforts, it seems structural changes in Iran's political economy have not been successful and rentier economic attributes still apply to Iran's government. Therefore under current circumstances, exerting growing pressure on Iran's economy to force her to...
متن کامل