Advanced Search
MyIDEAS: Login

Commons as insurance and the welfare impact of privatization

Contents:

Author Info

  • Baland, Jean-Marie
  • Francois, Patrick

Abstract

It is shown here that despite the efficiency gains from privatization, when markets are incomplete, all individuals may be made worse off by privatization, even when the resource is equitably privatized. Such market incompleteness is common in the developing world and can explain the often encountered resistance to efficiency enhancing privatizing reforms, especially in the case of village level landholdings and forests. The advantage of commonly held property arises because of its superior insurance properties (which tend to provide income maintenance in low states). Sufficient conditions are established under which any feasible insurance scheme under private property cannot ex ante Pareto dominate allocations under the commons.

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6V76-4CCFBGH-1/2/169dce830869e957fa44cc3ff9664015
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 89 (2005)
Issue (Month): 2-3 (February)
Pages: 211-231

as in new window
Handle: RePEc:eee:pubeco:v:89:y:2005:i:2-3:p:211-231

Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505578

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Humphries, Jane, 1990. "Enclosures, Common Rights, and Women: The Proletarianization of Families in the Late Eighteenth and Early Nineteenth Centuries," The Journal of Economic History, Cambridge University Press, vol. 50(01), pages 17-42, March.
  2. De Meza, David & Gould, J R, 1987. "Free Access versus Private Property in a Resource: Income Distributions Compared," Journal of Political Economy, University of Chicago Press, vol. 95(6), pages 1317-25, December.
  3. Das Gupta, Monica, 1987. "Informal Security Mechanisms and Population Retention in Rural India," Economic Development and Cultural Change, University of Chicago Press, vol. 36(1), pages 101-20, October.
  4. Wilson, Paul N & Thompson, Gary D, 1993. "Common Property and Uncertainty: Compensating Coalitions by Mexico's Patoral Ejidatarios," Economic Development and Cultural Change, University of Chicago Press, vol. 41(2), pages 299-318, January.
  5. Baland, Jean-Marie & Platteau, Jean-Philippe, 2000. "Halting Degradation of Natural Resources: Is There a Role for Rural Communities?," OUP Catalogue, Oxford University Press, number 9780198290612.
  6. Reddy, S. R. C. & Chakravarty, S. P., 1999. "Forest Dependence and Income Distribution in a Subsistence Economy: Evidence from India," World Development, Elsevier, vol. 27(7), pages 1141-1149, July.
  7. Brito, Dagobert L. & Intriligator, Michael D. & Sheshinski, Eytan, 1997. "Privatization and the distribution of income in the commons," Journal of Public Economics, Elsevier, vol. 64(2), pages 181-205, May.
  8. Bromley, Daniel W & Chavas, Jean-Paul, 1989. "On Risk, Transactions, and Economic Development in the Semiarid Tropics," Economic Development and Cultural Change, University of Chicago Press, vol. 37(4), pages 719-36, July.
  9. Subhrendu K. Pattanayak & Erin O. Sills, 2001. "Do Tropical Forests Provide Natural Insurance? The Microeconomics of Non-Timber Forest Product Collection in the Brazilian Amazon," Land Economics, University of Wisconsin Press, vol. 77(4), pages 595-612.
  10. Weitzman, Martin L., 1974. "Free access vs private ownership as alternative systems for managing common property," Journal of Economic Theory, Elsevier, vol. 8(2), pages 225-234, June.
  11. de Meza, David & Gould, J. R., 1985. "Free access vs private ownership: A comparison," Journal of Economic Theory, Elsevier, vol. 36(2), pages 387-391, August.
  12. Wunder, Sven, 2001. "Poverty Alleviation and Tropical Forests--What Scope for Synergies?," World Development, Elsevier, vol. 29(11), pages 1817-1833, November.
  13. Cohen, Jon S. & Weitzman, Martin L., 1975. "A Marxian model of enclosures," Journal of Development Economics, Elsevier, vol. 1(4), pages 287-336, November.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Matthieu Delpierre & Catherine Guirkinger & Jean-Philippe Platteau, 2012. "Risk as Impediment to Privatization? The Role of Collective Fields in Extended Agricultural Households," Working Papers 1211, University of Namur, Department of Economics.
  2. Ayalew Ali, Daniel & Goldstein, Markus, 2011. "Environmental and Gender Impacts of Land Tenure Regularization in Africa," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  3. Jean-Michel Salles, 2011. "Valuing biodiversity and ecosystem services: why linking economic values with Nature?," Working Papers 11-24, LAMETA, Universtiy of Montpellier, revised Dec 2011.
  4. Deininger, Klaus, 2010. "Towards sustainable systems of land administration: Recent evidence and challenges for Africa," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 5(1), September.
  5. Arghya Ghosh & Partha Sen, 2012. "Privatization in a Small Open Economy with Imperfect Competition," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 441-471, 06.
  6. Platteau, Jean-Philippe, 2002. "The Gradual Erosion of the Social Security Function of Customary Land Tenure Arrangements in Lineage-Based Societies," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  7. James Fenske, 2012. "Imachi Nkwu: Trade and the Commons," Economics Series Working Papers WPS/2012-19, University of Oxford, Department of Economics.
  8. Philippe Delacote, 2008. "The Safety-net Use of Non Timber Forest Products," Working Papers - Cahiers du LEF 2008-04, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
  9. Albers, H.J. & Robinson, E.J.Z., 2013. "A review of the spatial economics of non-timber forest product extraction: Implications for policy," Ecological Economics, Elsevier, vol. 92(C), pages 87-95.
  10. Takasaki, Yoshito, 2011. "Do the Commons Help Augment Mutual Insurance Among the Poor?," World Development, Elsevier, vol. 39(3), pages 429-438, March.
  11. Stefan Ambec & Carine Sebi, 2011. "The distributional impact of common-pool resource regulations," Indian Growth and Development Review, Emerald Group Publishing, vol. 4(2), pages 123-141, September.
  12. Ali, Daniel Ayalew & Deininger, Klaus & Goldstein, Markus, 2011. "Environmental and gender impacts of land tenure regularization in Africa : pilot evidence from Rwanda," Policy Research Working Paper Series 5765, The World Bank.
  13. World Bank, 2007. "Poverty and Environment : Understanding Linkages at the Household Level," World Bank Other Operational Studies 7744, The World Bank.
  14. World Bank, 2007. "Poverty and Environment : Understanding Linkages at the Household Level," World Bank Publications, The World Bank, number 6924, October.
  15. Alice Nicole Sindzingre, 2007. "Poverty traps: a perspective from development economics," EconomiX Working Papers 2007-26, University of Paris West - Nanterre la Défense, EconomiX.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:pubeco:v:89:y:2005:i:2-3:p:211-231. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.