Competing for the Rental Value of Federal Land: The Assignment of Use Rights and Their Regulation

Gary D. Libecap
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Gary D. Libecap: Texas A&M University

Cato Journal, 1981, vol. 1, issue 2, 391-404

Abstract: Growth of the governmental regulation of economic activities since the depression is normally associated with industrial produc- tion.’ Indeed, pollution controls, work-safety requirements, and antitrust actions have recently been cited as contributing to declin- ing productivity and sluggish business investment. Of central con- cern is the nature of bureaucratic decision making in the regulatory process: Bureaucrats do not bear the full costs and benefits of their actions and, therefore, can be insensitive to the negative economic effects of their actions...

Keywords: Federal land; property rights; land use; regulation; government (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:cto:journl:v:1:y:1981:i:2:p:391-404

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