A Theoretical Model of Optimal Forest Resource Regimes in Developing Economies
AbstractThe standard economic theory of natural-resource management has its roots in a conventional economic theory of commons that overlooked the role of institutional structures and the transaction costs. Hence, it has not been able to explain cases of successful management of forests as common property. An economic model in-corporating the role of transaction costs has been developed. A mathematical form that can represent the general nature of a transaction function is suggested. Static models for separable and nonseparable transformation and transaction functions are discussed. The possibility of different resource regimes being optimal in different socioeconomic conditions is highlighted.
Download InfoIf 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.
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 InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 157 (2001)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.mohr.de/jite
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Find related papers by JEL classification:
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kijazi, Martin Herbert & Kant, Shashi, 2011. "Social acceptability of alternative forest regimes in Mount Kilimanjaro, Tanzania, using stakeholder attitudes as metrics of uncertainty," Forest Policy and Economics, Elsevier, vol. 13(4), pages 242-257, April.
- Kant, Shashi, 2003. "Extending the boundaries of forest economics," Forest Policy and Economics, Elsevier, vol. 5(1), pages 39-56, January.
- Misra, Dinesh & Kant, Shashi, 2005. "Economic efficiency and shadow prices of social and biological outputs of village-level organizations of joint forest management in Gujarat, India," Journal of Forest Economics, Elsevier, vol. 11(3), pages 141-160, December.
- Shahi, Chander & Kant, Shashi, 2007. "An evolutionary game-theoretic approach to the strategies of community members under Joint Forest Management regime," Forest Policy and Economics, Elsevier, vol. 9(7), pages 763-775, April.
- Misra, Dinesh & Kant, Shashi, 2004. "Production analysis of collaborative forest management using an example of joint forest management from Gujarat, India," Forest Policy and Economics, Elsevier, vol. 6(3-4), pages 301-320, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert).
If references are entirely missing, you can add them using this form.