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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. |
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