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Author:Kant, S.
Berry, R. A.
Title:A theoretical model of optimal forest resource regimes in developing economies
Journal:Journal of Institutional and Theoretical Economics
2001 : JUN, VOL. 157:2, p. 331-355
Index terms:Econometric models
Political economy
Economic forecasting
Language:eng
Abstract:In this paper an economic model incorporating the role of transaction costs has been developed. A mathematical form that can represent the general nature of a transaction function is suggested. Static models for separable and nonseparable transformation and transaction functions are discussed. The possibility of different resource regimes being optimal in different socioeconomic conditions is highlighted.
SCIMA record nr: 226545
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