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The Implications of the Resource Management Act to Property Rights in Agriculture Land Use in New Zealand

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  • Gan, Christopher E.C.
  • Cullen, Ross

Abstract

The Resource Management Act 1991 sets new standards for environmental regulations in New Zealand. The emphasis of the legislation is on property rights and market solutions. This paper is concerned with the limits to market solutions in the presence of externalities and potentially high transaction costs.

Suggested Citation

  • Gan, Christopher E.C. & Cullen, Ross, 1996. "The Implications of the Resource Management Act to Property Rights in Agriculture Land Use in New Zealand," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(03), pages 1-9, December.
    • Handle: RePEc:ags:remaae:12360
    DOI: 10.22004/ag.econ.12360
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    References listed on IDEAS

    as
    1. Goldstein, Jon H., 1996. "Whose Land Is It Anyway? Private Property Rights and the Endangered Species Act," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 11(2), pages 1-5.
    2. Johnson, R.W.M., 1992. "Resource Management, Sustainability And Property Rights In New Zealand," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(2), pages 1-19, August.
    3. R.W.M. Johnson, 1992. "Resource Management, Sustainability And Property Rights In New Zealand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 36(2), pages 167-185, August.
    4. Douglass C. North, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter.
    5. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    7. Douglass C. North & Robert Paul Thomas, 1977. "The First Economic Revolution," Economic History Review, Economic History Society, vol. 30(2), pages 229-241, May.
    8. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    9. Cheung, Steven N S, 1970. "The Structure of a Contract and the Theory of a Non-exclusive Resource," Journal of Law and Economics, University of Chicago Press, vol. 13(1), pages 49-70, April.
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    Land Economics/Use;

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