Endogenous Property Rights Regimes, Common Pool Resources and Trade

Endogenous Property Rights Regimes, Common Pool Resources and Trade
Author: Gregmar I. Galinato
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN:

This paper analyzes the impact of trade on resource stocks through endogenously selected property rights regimes. We present a model that shows welfare can be maximized when a community degrades its resource stock under optimally selected property rights regimes after opening to trade. Results from a laboratory experiment show that labor allocations, property rights regimes and resource stock levels do not follow the optimal dynamic Nash equilibrium path. Instead a non-optimal dynamic equilibrium path is selected due to incorrect initial labor allocation and property rights regime choices.

Property Rights and the Environment

Property Rights and the Environment
Author: Susan Hanna
Publisher: World Bank Publications
Total Pages: 176
Release: 1995
Genre: Business & Economics
ISBN: 9780821334157

The collection of papers in this book and its companion volume, Property Rights in Social and Ecological Context: Case Studies and Design Applications, (6) examine the relationships between people, the environment, and property rights and the ways in which a given social and ecological context affects those relationships. The papers are products of a research program at the Royal Swedish Academy of Sciences, Stockholm. The main objective of the program was to convene social scientists and natural scientists to address research questions in their full social and ecological dimensions.The program's participants addressed five general issues related to property rights and the environment: (1) the design of governance systems for sustainability; (2) the relationship between equity, stewardship, and environmental resilience; (3) the use of traditional knowledge in resource management, (4) the mechanisms that link people to their environments, and (5) the role played by population and poverty. The companion volume presents case studies that address questions of design application in those five areas.(6) Also available: Property Rights in a Social and Ecological Context: Case Studies and Design Applications. (ISBN 0-8213-3416-6) Stock No. 13416.

Natural Resource Governance in Asia

Natural Resource Governance in Asia
Author: Raza Ullah
Publisher: Elsevier
Total Pages: 468
Release: 2021-04-28
Genre: Science
ISBN: 0323897983

Natural Resource Governance in Asia: From Collective Action to Resilience Thinking identifies key leverage points where interventions can be made surrounding current and future impacts of ongoing environmental and sociopolitical challenges. The book utilizes case studies from Asia, a key demographic for natural resource management, that can be applied globally in understanding solutions and the current state of knowledge in natural resource dynamics. Users will find valuable sections on community forestry and socioecological systems, community irrigation, competing water demand, robustness issues, climate change, and natural resource dynamics and challenges. This interdisciplinary tome on the topic is invaluable to researchers and policymakers alike. Combines collective action and resilience thinking to help readers understand complex issues and challenges in natural resource management Presents methods and case studies to validate theory in practice Includes up-to-date research applied to current issues to address both current and future risks and uncertainties

Contracting for Property Rights

Contracting for Property Rights
Author: Gary D. Libecap
Publisher: Cambridge University Press
Total Pages: 148
Release: 1993
Genre: Business & Economics
ISBN: 9780521449045

The histories of rights to minerals, range, timber land, fishery and crude oil production in the U.S. are examined to reveal the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements.

Essays on Endogenous Property Rights

Essays on Endogenous Property Rights
Author: Jan U. Auerbach
Publisher:
Total Pages: 164
Release: 2014
Genre: Electronic dissertations
ISBN:

This dissertation studies societies' choices of property rights regimes in an environment in which heterogeneous agents can choose to appropriate others' resources. It is organized in three essays that consider the same underlying economy. In the first essay, I analyze an economic mechanism that captures the idea that competition in the political arena helps good economic outcomes. I show that two societies with the same productivity distribution and the same office holder, but electoral runners-up with different productivity, face different alternatives and choose different levels of enforcement. Moreover, easier access to the political arena for more people increases the likelihood of better outcomes while extending the franchise alone does not. In the second essay, I focus on one potential reason for why a society might implement an allocation that allows for appropriation to occur--while the first best outcome does not. The planner cannot verify taxable income but can only inflict a cost on agents who are hiding resources from taxation. I show that, while this friction imposes a binding and effective constraint on the planner's choices, it does not prevent him from implementing an outcome in which appropriation is absent and property rights are perfectly secure. The results emphasize the importance of frictions in the political arena for imperfectly secure property rights. In the third essay, ignoring efficiency per se, I describe an incentive for a governing authority to crowd out appropriation activities altogether. This incentive is present whenever the size of the pie that can be shared among members of society enters the trade-off facing the authority, independent of the political environment the authority finds itself in. Therefore, other competing incentives must affect the society's decision making process to generate imperfectly secure rights to property.

Dynamic Economic Problems with Regime Switches

Dynamic Economic Problems with Regime Switches
Author: Josef L. Haunschmied
Publisher: Springer Nature
Total Pages: 317
Release: 2020-11-07
Genre: Business & Economics
ISBN: 3030545768

This book presents the state of the art in the relatively new field of dynamic economic modelling with regime switches. The contributions, written by prominent scholars in the field, focus on dynamic decision problems with regime changes in underlying dynamics or objectives. Such changes can be externally driven or internally induced by decisions. Utilising the most advanced mathematical methods in optimal control and dynamic game theory, the authors address a broad range of topics, including capital accumulation, innovations, financial decisions, population economics, environmental and resource economics, institutional change and the dynamics of addiction. Given its scope, the book will appeal to all scholars interested in mathematical and quantitative economics.

A History of Water Rights at Common Law

A History of Water Rights at Common Law
Author: Joshua Getzler
Publisher: Oxford Studies in Modern Legal
Total Pages: 444
Release: 2004
Genre: Language Arts & Disciplines
ISBN: 9780198265818

Water resources were central to England's precocious economic development in the thirteenth and sixteenth centuries, and then again in the industrial, transport, and urban revolutions of the late eighteenth and early nineteenth centuries. Each of these periods saw a great deal of legal conflict over water rights, often between domestic, agricultural, and manufacturing interests competing for access to flowing water. From 1750 the common-law courts developed a large but unstable body of legal doctrine, specifying strong property rights in flowing water attached to riparian possession, and also limited rights to surface and underground waters. The new water doctrines were built from older concepts of common goods and the natural rights of ownership, deriving from Roman and Civilian law, together with the English sources of Bracton and Blackstone. Water law is one of the most Romanesque parts of English law, demonstrating the extent to which Common and Civilian law have commingled. Water law stands as a refutation of the still-common belief that English and European law parted ways irreversibly in the twelfth century. Getzler also describes the economic as well as the legal history of water use from early times, and examines the classical problem of the relationship between law and economic development. He suggests that water law was shaped both by the impact of technological innovations and by economic ideology, but above all by legalism.