Benito Ostolaza, Juan Miguel

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https://academica-e.unavarra.es/handle/2454/48704

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Benito Ostolaza

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Juan Miguel

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Economía

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INARBE. Institute for Advanced Research in Business and Economics

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0000-0002-6971-9086

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88625

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3240

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Author: Osés Eraso, Nuria × Subject: Compensation ×

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    PublicationOpen Access
    Incentives to give up resource extraction and avoid the tragedy of the commons
    (2013) Benito Ostolaza, Juan Miguel; Osés Eraso, Nuria; Economía; Ekonomia
    This paper develops a general model of common resource extraction where we introduce payments for environmental services to encourage resource users to give up extraction. The goal is to reach a balance between resource use and conservation. As the essence of conservation is dynamic, we use a dynamic model to study the implementation of the compensation scheme. A stable heterogeneous equilibrium can be reached where both extractors and non-extractors live together. We analyze how the success of the compensation depends on factors such as the elasticity of demand and the biological characteristics of the resource.