Property Rights, Sustainability and Public Choice

R.W.M. Johnson

Review of Marketing and Agricultural Economics, 1996, vol. 64, issue 03, 6

Abstract: Sustainability implies a non-degrading use of natural resources in the long term. Property systems, on the other hand, institutionalise existing resource use practices in a fixed timeframe. Where outcomes such as third party effects have not been anticipated, property systems need to be modified or attenuated. The use of pastoral lease land in New Zealand exhibits these features and some attenuation is therefore desirable in new legislation. This paper reports a personal attempt to achieve these ends through bureaucratic reform and personal representation.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/12366/files/64030348.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12366

DOI: 10.22004/ag.econ.12366

Access Statistics for this article

More articles in Review of Marketing and Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().