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Property Rights Allocation of Common Pool Resources

In: Regulation, Deregulation, Reregulation

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  • Gary D. Libecap

Abstract

Building on Oliver Williamson’s original analysis, the contributors introduce new ideas, different perspectives and provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex problems of governance. They draw largely upon a transaction cost approach, highlighting the challenges faced by major economic sectors and identifying critical flaws in prevailing views on regulation. Deeply rooted in sector analysis, the book conveys a central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or revolutionized accordingly.

Suggested Citation

  • Gary D. Libecap, 2009. "Property Rights Allocation of Common Pool Resources," Chapters, in: Claude Ménard & Michel Ghertman (ed.), Regulation, Deregulation, Reregulation, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13188_2
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    File URL: https://www.elgaronline.com/view/9781847209689.00011.xml
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    Cited by:

    1. Ménard, Claude, 2017. "Meso-institutions: The variety of regulatory arrangements in the water sector," Utilities Policy, Elsevier, vol. 49(C), pages 6-19.

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    Keywords

    Economics and Finance;

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