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Resource Problems (resource + problem)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting75%

Selected Abstracts

A dynamic common property resource problem with amenity value and extraction costs

INTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 1 2005
Gerhard Sorger
C73; Q20; Q28 An analytically tractable differential game is presented that describes the exploitation of a common-property resource by finitely many competing players. The resource stock has an amenity value and there are positive extraction costs. We derive both the cooperative solution and Markov-perfect Nash equilibria of the non-cooperative game. After a comparative analysis of the equilibrium strategies and payoffs with respect to all model parameters, we study the effect of a unilateral extraction restriction and discuss the design of a revenue-neutral tax/transfer scheme that supports the cooperative solution. [source]

Explaining adult homelessness in the US by stratification or situation

JOURNAL OF COMMUNITY & APPLIED SOCIAL PSYCHOLOGY, Issue 2 2003
Michael R. Sosin
Abstract In the US, the most widely accepted individual-level explanations of homelessness suggest that adults lose their dwellings when they cannot compete in the marketplace for the monetary resources needed to pay for housing, and cannot compete in a non-market struggle for compensatory resources. Such resource problems allegedly typically reflect myriad lifetime and current personal problems or deficits. However, the causal role of the problems and deficits is now known to be complex, and evidence about transitions in and out of homelessness suggests that key events occur somewhat independently of easily measured individual problems or deficits. This article, therefore, provides an alternative explanatory approach that directly focuses on aspects of the probabilistic situations that spur, or fail to reverse homelessness. The events and resource issues are posited to give rise to episodes of homelessness that vary in length, that are indirectly affected by many commonly mentioned individual traits, and that can be matched to targeted policies. Copyright © 2003 John Wiley & Sons, Ltd. [source]

Issues in Growing a Family Business: A Strategic Human Resource Model

JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 1 2001
Sandra W. King
The conceptual literature on family businesses suggests that family businesses have difficulty managing their human resources, especially when it concerns a family member or the transition from the founder to the successor. The authors empirically examined the assumptions raised in the conceptual literature regarding whether family businesses were experiencing human resource problems in growing their business and what factors enabled or constrained the ability of their businesses to grow. The authors used in-depth interviewing to collect data in order to emphasize the depth of the issue. Using content analysis with subject matter experts coding the data, the authors sought to mine the richness of data. Finally, the authors analyzed the data using Elliot Jaques' Stratified Systems Theory as a model to examine the strategic human resource issues and to draw some tentative conclusions. [source]

The tragedy of the commons: property rights and markets as solutions to resource and environmental problems

AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 1 2009
Gary D. Libecap
In one way or another, all environmental and natural resource problems associated with overexploitation or under provision of public goods, arise from incompletely defined and enforced property rights. As a result private decision makers do not consider or internalize social benefits and costs in their production or investment actions. The gap between private and social net returns results in externalities , harmful effects on third parties: overfishing, excessive air pollution, unwarranted extraction or diversion of ground or surface water, extreme depletion of oil and gas reservoirs. These situations are all examples of the ,The Tragedy of the Commons'. In this paper, I consider options for mitigating the losses of open access: common or group property regimes, government tax and regulation policy, more formal private property rights. I briefly summarize the problems and advantages of each option and describe why there has been move toward rights-based instruments in recent years: ITQ (individual transferable quotas), tradable emission permits, and private water rights. Introductions to the papers in the special issue follow. [source]