Abstract
We extend the Brander-Taylor model of population and resource development in an isolated society by adding a resource subsistence requirement to people's preferences. This improves plausibility; amplifies population overshoot and collapse, and can destabilize the steady state; and allows for complete cessation of non-harvesting activities, in line with archaeological evidence for many societies. We then use bifurcation techniques to give a global analysis of four types of institutional adaptation: An ad valorem resource tax, and quotas on total resource harvest, total harvest effort and per capita effort. In all cases, we find that a higher subsistence requirement makes it harder, or often impossible, for adaptation to avoid overshoot and collapse.
Original language | English |
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Pages (from-to) | 299-320 |
Number of pages | 22 |
Journal | Journal of Development Economics |
Volume | 72 |
Issue number | 1 |
DOIs | |
Publication status | Published - Oct 2003 |