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Who Owns Natural Resources In The United States And Canada?

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  • Marchak, M. Patricia

Abstract

Property rights are social definitions; they exist as long as the society is willing to enforce them. If enforcement is missing, they cease to exist. The reasons for changes might be market conditions, popular sentiments, scientific knowledge, new technologies, lobbying, or legal battles. Biotechnologies are already having profound effects on how we organize property rights for natural resources. Resource rights change as our understandings and sentiments change. This paper presents a general overview of property rights in natural resources, with particular reference to water and land and emphasizing that rights are what a society is willing to grant and enforce. If companies, individuals, groups, or the state are not managing and stewarding resources in sustainable ways, their authority should be challenged. Rights are social inventions, and society can abrogate them.

Suggested Citation

  • Marchak, M. Patricia, 1998. "Who Owns Natural Resources In The United States And Canada?," Working Papers 12778, University of Wisconsin-Madison, Land Tenure Center.
    • Handle: RePEc:ags:uwltwp:12778
    DOI: 10.22004/ag.econ.12778
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    Cited by:

    1. Poncian, Japhace & Jose, Jim, 2019. "National resource ownership and community engagement in Tanzania's natural gas governance," Energy Policy, Elsevier, vol. 133(C).
    2. Johnson Kakeu, 2016. "Exhaustibility and Risk as Asset Class Dimensions: A Social Investor Approach to Capital-Resource Economies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(4), pages 677-695, December.

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    Keywords

    Resource /Energy Economics and Policy;

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