Natural Resource Federalism: Preferences Versus Connectivity for Patchy Resources

被引：0
作者：
Christopher Costello
Daniel Kaffine
机构：
[1] University of California,Bren School
[2] Santa Barbara,Department of Economics
[3] National Bureau of Economic Research,undefined
[4] University of Colorado Boulder,undefined
来源：
Environmental and Resource Economics | 2018年 / 71卷
关键词：
Renewable resources; Federalism; Spatial externalities; Property rights;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
We examine the efficiency of centralized versus decentralized management of spatially-connected renewable resources when users have heterogeneous preferences for conservation versus extraction. Resource mobility induces a spatial externality, while spatial preference heterogeneity drives a wedge between users’ privately optimal extraction rates. We first address these market failures analytically and show that the first is most efficiently handled with centralized planning while the second is best tackled with decentralized management. Except in special cases, neither approach will be first best, but which arises as second best depends on the relative strength of preference heterogeneity versus spatial mobility of the resource. We illustrate the theory, and test its robustness, with a numerical example.
引用
收藏
页码：99 / 126
页数：27
相关论文
共 56 条
[1]  
Alm J(2012)Designing economic instruments for the environment in a decentralized fiscal system J Econ Surv 26 177-202
[2]  
Banzhaf HS(2009)Conflicting uses of marine resources: can ITQs promote an efficient solution? Aust J Agric Resour Econ 53 145-174
[3]  
Arnason R(2003)Centralized versus decentralized provision of local public goods: a political economy approach J Publ Econ 87 2611-2637
[4]  
Besley T(2007)Management of a transboundary wildlife population: A self-enforcing cooperative agreement with renegotiation and variable transfer payments J Environ Econ Manag 53 54-67
[5]  
Coate S(1997)A metapopulation model with private property and a common pool Ecol Econ 22 65-71
[6]  
Bhat M(2007)TURFs and ITQs: collective vs. individual decision making Mar Resour Econ 22 391-406
[7]  
Huffaker R(2001)Contingent valuation: controversies and evidence Environ Resour Econ 19 173-210
[8]  
Brown G(2015)Partial enclosure of the commons J Publ Econ 121 69-78
[9]  
Roughgarden J(2008)Optimal harvesting of stochastic spatial resources J Environ Econ Manag 56 1-18
[10]  
Cancino JP(2012)Interjurisdictional spillovers, decentralized policymaking, and the elasticity of capital supply Am Econ Rev 102 2349-2357
123456