The Allocation of Property Rights when One Action Produces a Public and a Private Good
Loris Strappazzon,
Arthur Ha,
Mark Eigenraam,
Charlotte Duke and
Gary Stoneham
No 174045, 2002 Conference (46th), February 13-15, 2002, Canberra, Australia from Australian Agricultural and Resource Economics Society
Abstract:
In this paper we analyse the efficiency impacts of different property right allocations when one action produces a private and a public good. There are three players: an environmental agency, point-source emitters and diffuse emitters. We assume a diffuse emitter can undertake one action that produces two outputs: one he can sell to the environmental agency (a public good); and the other he can sell to point-source emitters (a private good). We analyse the efficiency implications of allocating the property right of the private good to either: (i) the agency, since in buying the public good the private good is produced as a by-product; or (ii) the diffuse emitter. Generally, the latter improves the efficiency outcome.
Keywords: Community/Rural/Urban Development; Land Economics/Use; Public Economics (search for similar items in EconPapers)
Pages: 34
Date: 2002-02
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://ageconsearch.umn.edu/record/174045/files/Strapp1.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:aare02:174045
DOI: 10.22004/ag.econ.174045
Access Statistics for this paper
More papers in 2002 Conference (46th), February 13-15, 2002, Canberra, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).