On the redistributive impact of privatizing a resource under imperfect enforcement
We consider the redistributive effects of privatizing a resource previously exploited under free access. We assume that illegal extraction is punished but that the sanction is bounded by individuals' wealth. First, we show that a segment of intermediate-wealth individuals is the most adversely...
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Veröffentlicht in: | Environment and development economics 2006-12, Vol.11 (6), p.677-696 |
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Format: | Artikel |
Sprache: | eng |
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