Privatizing the Commons and Economic Degradation
AbstractWe develop a dynamic model of the exploitation of an environmental resource with endogenous property rights. We are able to explain both the evolution of property rights and environmental quality. In some circumstances the time path of environmental quality is U-shaped and resembles an Environmental Kuznets Curve. However this patern derives from changes in the property rights regime, not from changes in income.
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Bibliographic InfoPaper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2005-10.
Date of creation: 01 May 2005
Date of revision:
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Commons; Property Rights; Environmental Resource;
Find related papers by JEL classification:
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGR-2005-06-19 (Agricultural Economics)
- NEP-ALL-2005-06-19 (All new papers)
- NEP-ENV-2005-06-19 (Environmental Economics)
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