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Bundles, Duties, and Rights: A Revised Framework for Analysis of Natural Resource Property Rights Regimes

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  • Christopher S. Galik
  • Pamela Jagger

Abstract

In their 1992 paper, Schlager and Ostrom presented a property rights framework characterized by nested, cumulative attributes. It has become arguably the most ubiquitous framework for analysis of natural resources and property rights. We revisit their contribution and discuss how the framework could evolve to address increasingly complex situations, with particular attention to institutional change. We devote increased attention to duties and liabilities associated with right allocation, tying the framework to a broader property rights literature. We conclude with an application to reducing emissions from deforestation and forest degradation (REDD+), illustrating how revisions to the framework facilitate contemporary institutional analysis.

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  • Christopher S. Galik & Pamela Jagger, 2015. "Bundles, Duties, and Rights: A Revised Framework for Analysis of Natural Resource Property Rights Regimes," Land Economics, University of Wisconsin Press, vol. 91(1), pages 76-90.
    • Handle: RePEc:uwp:landec:v:91:y:2015:i:1:p:76-90
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    References listed on IDEAS

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    Cited by:

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    More about this item

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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