Based on the model of Brander - Taylor (1997a, b) and Francis (2005), this paper introduced a notion of property right protection sector on the basis of collection proportion of resource exploitation income. By using the supply and demand theory of resource products, the utility maximization theory for both individuals and the society, and the company profit maximization theory, this article studied the selection law of exploitation, stock and property maintenance intensity of renewable resources in closed economy and trade liberalization.
Renewable resources, Brander and Taylor models, resource stock
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