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Environmental And Natural Resource Policy And The Optimal Dispersion Of Property Rights

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  • Hsu, Shi-Ling
  • Weinberg, Marca

Abstract

Environmental policies generally address problems associated with ill-defined property rights. Our framework describes property rights "regimes" as functions of the degree of consolidation of rights to an asset and of the parties holding those rights. Efficient resource use occurs if welfare gains from regime switches offset endogenous transaction costs.

Suggested Citation

  • Hsu, Shi-Ling & Weinberg, Marca, 1998. "Environmental And Natural Resource Policy And The Optimal Dispersion Of Property Rights," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20882, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20882
    DOI: 10.22004/ag.econ.20882
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    References listed on IDEAS

    as
    1. Bromley, Daniel W., 1991. "Testing for common versus private property: Comment," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 92-96, July.
    2. Lawrence Blume & Daniel L. Rubinfeld & Perry Shapiro, 1984. "The Taking of Land: When Should Compensation Be Paid?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(1), pages 71-92.
    3. B. Delworth Gardner & Herbert H. Fullerton, 1968. "Transfer Restrictions and Misallocations of Irrigation Water," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 556-571.
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