This paper presents two formal models that link poorly defined property rights with wasteful deforestation. The first model demonstrates that, when property rights must be privately defended, most of the potential rental value of the land will be dissipated. The second model shows that even small probabilities of eviction will encourage squatters to destroy long-lasting capital (such as forests) and follow unsustainable activities. Copyright 1994 by Royal Economic Society.
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Volume (Year): 46 (1994) Issue (Month): 0 (Supplement Oct.) Pages: 750-56 Download reference. The following formats are available: HTML
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Handle: RePEc:oup:oxecpp:v:46:y:1994:i:0:p:750-56
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Suzi Kerr & Alexander Pfaff & Romina Cavatassi & Benjamin Davis & Leslie Lipper & Arturo Sanchez & Jason Timmins, 2004.
"Effects of Poverty on Deforestation: Distinguishing behaviour from location,"
Working Papers
04-19, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
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