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Property Rights and Natural Resource Management Incentives: Do Transferability and Formality Matter?

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  • Makiko Omura

Abstract

This article examines how property rights expectations affect resource management incentives. It utilizes expected property rights over different timespans and of different strengths, corresponding to (a) investments of different intensities and (b) farmers' sense of security regarding their often de facto property rights. The results suggest that property rights and their alienability in ten-year time matter to intensive infrastructural investments, although not to lighter investments. Formality of property rights is shown to be insignificant to investment incentives, indicating that there is no functional difference between formal rights and customary rights at present in indigenous communities of the Philippines. Copyright 2008, Oxford University Press.

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  • Makiko Omura, 2008. "Property Rights and Natural Resource Management Incentives: Do Transferability and Formality Matter?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(4), pages 1143-1155.
    • Handle: RePEc:oup:ajagec:v:90:y:2008:i:4:p:1143-1155
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    File URL: http://hdl.handle.net/10.1111/j.1467-8276.2008.01151.x
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    Cited by:

    1. Andre Poyser & Dan Daugaard, 2023. "Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG, sustainability and indigenous community practices," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(1), pages 47-76, March.
    2. Mertens, Kewan & Vranken, Liesbet, 2018. "Investing in land to change your risk exposure? Land transactions and inequality in a landslide prone region," World Development, Elsevier, vol. 110(C), pages 437-452.
    3. Mertens, Kewan & Vranken, Liesbet, 2017. "Investing in land to change your risk exposure? Land transactions in a landslide prone region," Working Papers 265432, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    4. Mertens, Kewan & Vranken, Liesbet, 2021. "Pro-poor land transfers in the presence of landslides: New insights on norms in land markets," Land Use Policy, Elsevier, vol. 101(C).
    5. Mertens, Kewan & Vranken, Liesbet, 2018. "Land Markets, Landslides and Social Norms: New Insights from a Discrete Choice Experiment," Working Papers 280764, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    6. Perego, Viviana M.E., 2019. "Crop prices and the demand for titled land: Evidence from Uganda," Journal of Development Economics, Elsevier, vol. 137(C), pages 93-109.
    7. Begazo Curie, Karin & Mertens, Kewan & Vranken, Liesbet, 2021. "Tenure regimes and remoteness: When does forest income reduce poverty and inequality? A case study from the Peruvian Amazon," Forest Policy and Economics, Elsevier, vol. 128(C).
    8. Mertens, K. & Vranken, L., 2018. "Investing in land to change your risk exposure? Land transactions in a landslide prone region," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277235, International Association of Agricultural Economists.

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