Matches in SemOpenAlex for { <https://semopenalex.org/work/W1539478412> ?p ?o ?g. }
- W1539478412 abstract "For a country fractionalized in competing factions, each owning part of the stock of naturalexhaustible resources, or with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about the control of resources is solved as a non-cooperative differential game. Prices of resources and depletion increase faster than suggested by the Hotelling rule, especially with many competing factions and less secure property rights. As a result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick rule. The power struggle boosts outputbut depresses aggregate consumption and welfare, especially in highly fractionalized countries with less secure property rights. Genuine saving evaluated with welfare-based accounting prices is zero in this game, but biased upwards when calculated with the lower market prices." @default.
- W1539478412 created "2016-06-24" @default.
- W1539478412 creator A5002924800 @default.
- W1539478412 creator A5053174418 @default.
- W1539478412 date "2009-01-01" @default.
- W1539478412 modified "2023-09-27" @default.
- W1539478412 title "Rapacious Resource Depletion and Excessive Investment Fuelled by Rival Factions and Insecure Property Rights" @default.
- W1539478412 cites W1490396779 @default.
- W1539478412 cites W1557318978 @default.
- W1539478412 cites W1964922790 @default.
- W1539478412 cites W1967702202 @default.
- W1539478412 cites W1975388585 @default.
- W1539478412 cites W1978821659 @default.
- W1539478412 cites W1986691647 @default.
- W1539478412 cites W2026246705 @default.
- W1539478412 cites W2028312885 @default.
- W1539478412 cites W2035850082 @default.
- W1539478412 cites W2045004028 @default.
- W1539478412 cites W2062415610 @default.
- W1539478412 cites W2067904349 @default.
- W1539478412 cites W2081643231 @default.
- W1539478412 cites W2082160100 @default.
- W1539478412 cites W2104673919 @default.
- W1539478412 cites W2107766521 @default.
- W1539478412 cites W2118442531 @default.
- W1539478412 cites W2123690194 @default.
- W1539478412 cites W2132743221 @default.
- W1539478412 cites W2136441503 @default.
- W1539478412 cites W2146155707 @default.
- W1539478412 cites W2171324839 @default.
- W1539478412 cites W2172157282 @default.
- W1539478412 cites W3022602117 @default.
- W1539478412 cites W3121237931 @default.
- W1539478412 cites W3121957089 @default.
- W1539478412 cites W3122000501 @default.
- W1539478412 cites W3122009070 @default.
- W1539478412 cites W3122074090 @default.
- W1539478412 cites W3122423421 @default.
- W1539478412 cites W3123261979 @default.
- W1539478412 cites W3125460336 @default.
- W1539478412 cites W3142475944 @default.
- W1539478412 hasPublicationYear "2009" @default.
- W1539478412 type Work @default.
- W1539478412 sameAs 1539478412 @default.
- W1539478412 citedByCount "0" @default.
- W1539478412 crossrefType "posted-content" @default.
- W1539478412 hasAuthorship W1539478412A5002924800 @default.
- W1539478412 hasAuthorship W1539478412A5053174418 @default.
- W1539478412 hasConcept C126255220 @default.
- W1539478412 hasConcept C127413603 @default.
- W1539478412 hasConcept C144024400 @default.
- W1539478412 hasConcept C162324750 @default.
- W1539478412 hasConcept C166957645 @default.
- W1539478412 hasConcept C175444787 @default.
- W1539478412 hasConcept C17744445 @default.
- W1539478412 hasConcept C199539241 @default.
- W1539478412 hasConcept C204036174 @default.
- W1539478412 hasConcept C27548731 @default.
- W1539478412 hasConcept C2776943663 @default.
- W1539478412 hasConcept C2779006483 @default.
- W1539478412 hasConcept C29985473 @default.
- W1539478412 hasConcept C30772137 @default.
- W1539478412 hasConcept C33923547 @default.
- W1539478412 hasConcept C34447519 @default.
- W1539478412 hasConcept C36289849 @default.
- W1539478412 hasConcept C74363100 @default.
- W1539478412 hasConcept C78519656 @default.
- W1539478412 hasConcept C81751973 @default.
- W1539478412 hasConcept C83646750 @default.
- W1539478412 hasConcept C86511162 @default.
- W1539478412 hasConcept C94625758 @default.
- W1539478412 hasConcept C95457728 @default.
- W1539478412 hasConceptScore W1539478412C126255220 @default.
- W1539478412 hasConceptScore W1539478412C127413603 @default.
- W1539478412 hasConceptScore W1539478412C144024400 @default.
- W1539478412 hasConceptScore W1539478412C162324750 @default.
- W1539478412 hasConceptScore W1539478412C166957645 @default.
- W1539478412 hasConceptScore W1539478412C175444787 @default.
- W1539478412 hasConceptScore W1539478412C17744445 @default.
- W1539478412 hasConceptScore W1539478412C199539241 @default.
- W1539478412 hasConceptScore W1539478412C204036174 @default.
- W1539478412 hasConceptScore W1539478412C27548731 @default.
- W1539478412 hasConceptScore W1539478412C2776943663 @default.
- W1539478412 hasConceptScore W1539478412C2779006483 @default.
- W1539478412 hasConceptScore W1539478412C29985473 @default.
- W1539478412 hasConceptScore W1539478412C30772137 @default.
- W1539478412 hasConceptScore W1539478412C33923547 @default.
- W1539478412 hasConceptScore W1539478412C34447519 @default.
- W1539478412 hasConceptScore W1539478412C36289849 @default.
- W1539478412 hasConceptScore W1539478412C74363100 @default.
- W1539478412 hasConceptScore W1539478412C78519656 @default.
- W1539478412 hasConceptScore W1539478412C81751973 @default.
- W1539478412 hasConceptScore W1539478412C83646750 @default.
- W1539478412 hasConceptScore W1539478412C86511162 @default.
- W1539478412 hasConceptScore W1539478412C94625758 @default.
- W1539478412 hasConceptScore W1539478412C95457728 @default.
- W1539478412 hasLocation W15394784121 @default.
- W1539478412 hasOpenAccess W1539478412 @default.
- W1539478412 hasPrimaryLocation W15394784121 @default.
- W1539478412 hasRelatedWork W1523331456 @default.