in American Journal of Agricultural Economics
August 2002; p ublished online August 2002 .
Journal Article. Subjects: Primary Products; Taxation, Subsidies, and Revenue; Renewable Resources and Conservation; Production and Organizations; Non-renewable Resources and Conservation; Corporate Governance. 0 words.
We study firm dynamics, firm value, equilibrium permit prices and market efficiency in a natural resource industry that is managed with tradable output permits. New firms must purchase...
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