EconPapers    
Economics at your fingertips  
 

Property rights, public goods and the environment

David A. Starrett

Chapter 03 in Handbook of Environmental Economics, 2003, vol. 1, pp 97-125 from Elsevier

Abstract: We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various rights assignments. Resources are classified into various groups (such as "collective" and "private") depending on the type of rights assignment that is most appropriate, and we critically examine situations in which it is claimed that certain combinations of rights and rules of behavior will lead to an "ideal" allocation of the associated resources. We argue that in all but a very limited set of circumstances, efficient allocations will require at the least some form of social intervention, and we discuss both formal and informal models of social organization toward this end. Various distortions are identified that may arise when incorrect assignments of rights are utilized. We discuss various practical ways of correcting for these distortions using instruments such as taxes, quotas, and markets for pollution permits.

JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/B7P5M ... d88186e453c33ffb2dba
Full text for ScienceDirect subscribers only

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:eee:envchp:1-03

Access Statistics for this chapter

More chapters in Handbook of Environmental Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2023-01-03
Handle: RePEc:eee:envchp:1-03