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dc.contributor.authorGerber, Nicolas
dc.contributor.authorBhaduri, Anik
dc.date.accessioned2017-08-08T00:45:34Z
dc.date.available2017-08-08T00:45:34Z
dc.date.issued2017
dc.identifier.issn1068-2805
dc.identifier.doi10.1017/age.2016.33
dc.identifier.urihttp://hdl.handle.net/10072/343499
dc.description.abstractWe illustrate how natural resource dependent and isolated communities manage their forest stock. Our model is based on field observations of the Eaglewood trade in Papua New Guinea. Using a dynamic model of household utility maximization and simulations, we analyze the impact of variations in the (monopsonistic) resource price on the households’ consumption choices and their allocation of effort across depletive and nondepletive activities. The stock of forest is embedded directly in the households’ utility function (existence value) and in their (nonseparable) production and consumption functions. We show that poverty (in production assets) does not inevitably lead to stock depletion.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherCambridge University Press
dc.relation.ispartofpagefrom21
dc.relation.ispartofpageto43
dc.relation.ispartofissue1
dc.relation.ispartofjournalAgricultural and Resource Economics Review
dc.relation.ispartofvolume46
dc.subject.fieldofresearchApplied Economics not elsewhere classified
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchcode140299
dc.subject.fieldofresearchcode1402
dc.titleProducers' Well-Being and Natural Resource Extraction: The Eaglewood Trade in Papua New Guinea
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dcterms.licensehttp://creativecommons.org/licenses/by/4.0/
dc.description.versionVersion of Record (VoR)
gro.rights.copyright© The Author(s) 2017. This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorBhaduri, Anik


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