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Asymmetric information may protect the commons: The welfare benefits of uninformed regulators
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Asymmetric information may protect the commons: The welfare benefits of uninformed regulators

Ana Espinola-Arredondo and Felix Munoz-Garcia
Economics letters, Vol.121(3), pp.463-467
12/01/2013

Abstract

Business & Economics Economics Social Sciences
We examine an entry-deterrence model in the commons. We investigate in which contexts asymmetric information among firms becomes welfare improving, and in which settings an uninformed regulator may prefer to assess and disseminate information about the available stock among firms. (C) 2013 Elsevier B.V. All rights reserved.

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