Income distributional effects of using market-based instruments for managing common property resources
In this article, the authors show the trade‐offs between efficiency and equity that arise from the application of market‐based instruments to a heterogenous population of agents drawing from a natural resource pool. Using the example of groundwater, they find that there are overall losses in allocat...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2007
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/171841 |
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