IDEAS home Printed from https://ideas.repec.org/a/cup/agrerw/v46y2017i01p21-43_00.html
   My bibliography  Save this article

Producers' Well-Being and Natural Resource Extraction: The Eaglewood Trade in Papua New Guinea

Author

Listed:
  • Gerber, Nicolas
  • Bhaduri, Anik

Abstract

We 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.

Suggested Citation

  • Gerber, Nicolas & Bhaduri, Anik, 2017. "Producers' Well-Being and Natural Resource Extraction: The Eaglewood Trade in Papua New Guinea," Agricultural and Resource Economics Review, Cambridge University Press, vol. 46(1), pages 21-43, April.
    • Handle: RePEc:cup:agrerw:v:46:y:2017:i:01:p:21-43_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1068280516000332/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:agrerw:v:46:y:2017:i:01:p:21-43_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/age .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.