State Capacity and the Enforcement of Property Rights in the Natural Resource Sector
Mardi | 2012-12-18 B103 Louis HOTTE We analyse the general-equilibrium consequences of property right enforcement in the natural resource sector when exclusion is costly to achieve. The key assumption is that exclusion requires both private and public enforcement efforts to supplement each other. Our main question consists in comparing states that differ by their ability to provide protection services. This ability is exogenous and referred to as state capacity. We first show that in a decentralized equilibrium with de jure […]