Technical Change and The Commons
Bibliographic Data
| ID | 19315519 |
|---|---|
| Authors | Dale Squires (0000-0002-0545-2650, NOAA National Marine Fisheries Service Northeast Fisheries Science Center), Niels Vestergaard (0000-0001-9270-2461, University of Southern Denmark) |
| Year | 2013 |
| Volume | 95 |
| Issue | 5 |
| Pages | 1769-1787 |
| Publication date | 2013-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press (PUBLISHER • US) |
| DOI | 10.1162/rest_a_00346 |
| OpenAlex | W2165370945 |
| Language | EN |
| Citations received | 6 |
| References cited | 48 |
This paper addresses normative exploitation of common renewable resources with changes in technology and technical, allocative, and scale efficiency that exacerbate the commons problem and externality. Their impact depends on the rate and nature of change, investment, and state of property rights. An augmented fundamental equation of renewable resources with a modified marginal stock effect and a new marginal technology effect account for changes in disembodied and embodied technology and technical efficiency. Neglecting these changes generates misleading policy advice and dynamic inefficiency with overaccumulation of physical and natural capital and sizable foregone rents. An empirical application illustrates
Business · Commons · Economics · Political science · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global trade and economics · Law
Learning about a New Technology
The Coefficient of Resource Utilization
Exact and superlative index numbers
Impacts of Biodiversity Loss on Ocean Ecosystem Services
Can Catch Shares Prevent Fisheries Collapse?
GMM Estimation with persistent panel data
The Measurement of Productive Efficiency
Estimating Production Functions Using Inputs to Control for Unobservables
Some Tests of Specification for Panel Data
The Dynamics of Productivity in the Telecommunications Equipment Industry
Another look at the instrumental variable estimation of error-components models
The Digital Provide
Production Frontiers and Panel Data
The Measurement of Firm-Specific Indexes of Technical Change
Decomposing Learning by Doing in New Plants
Profit Maximization and the Extinction of Animal Species
A General Index of Technical Change
The Fishery
Are We Consuming Too Much
| Citations per year | 0.38 |
|---|---|
| Citation span | 2010 - 2020 (11) |
| Highly cited | No |