Open Access vs. Restricted Access with Two Variable Factors: On the Redistributive Effects of a Property Regime Change

University of Ottawa Department of Economics Working Paper Series No. 1406E

21 Pages Posted: 19 Sep 2014

Date Written: September 17, 2014

Abstract

We consider the factor payment effects of a transition from open access to restricted access in the resource sector in the long-run, i.e., when both labor and capital are mobile between sectors. We show that the transition benefits (harms) the factor that is initially used more (less) intensively in the manufacturing sector relative to the resource sector. Our analysis introduces a dual approach used to compare equilibria between property regime types.

Keywords: Property Rights, Natural Resources, Mobile Capital, Factor Payments, Income Distribution, Dual Approach

JEL Classification: D02, D23, D33, K11, Q2, N5, O13

Suggested Citation

Congar, Ronan and Hotte, Louis, Open Access vs. Restricted Access with Two Variable Factors: On the Redistributive Effects of a Property Regime Change (September 17, 2014). University of Ottawa Department of Economics Working Paper Series No. 1406E. Available at SSRN: https://ssrn.com/abstract=2497578 or http://dx.doi.org/10.2139/ssrn.2497578

Ronan Congar

EconomiX ( email )

200 Avenue de la République
Nanterre cedex, Nanterre Cedex 92000
France

Louis Hotte (Contact Author)

University of Ottawa ( email )

Department of Economics
55 Laurier E.
Ottawa, Ontario K1N 6N5
Canada
+161 356 25800 1692 (Phone)
+161 356 25999 (Fax)

HOME PAGE: http://aix1.uottawa.ca/~lhott3/

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