An Institutional Perspective on Externalities.The Nordic Wolf Re-Colonization
AbstractThe paper discusses and redefines the traditional concept of externalities. Inspired by J.R. Commons' theory of institutional evolution we define externalities as policy relevant institutional interdependencies. Our concept of externalities is more general and reflects institutional failure rather than market failure. We exemplify our institutional concept of externalities by discussing the conflicts associated with the re-colonization of wolves in Scandinavia. Pinpointing the conflict between wolf management and sheep farming, we identify externalities in the de jure property rights to the pastures, and discuss how they can be internalized.
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.
Bibliographic InfoPaper provided by Department of Economics, Norwegian University of Science and Technology in its series Working Paper Series with number 15413.
Length: 35 pages
Date of creation: 26 Nov 2013
Date of revision:
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: (Marit Balstad Jensen) The email address of this maintainer does not seem to be valid anymore. Please ask Marit Balstad Jensen to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.