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Privatizing the Commons and Economic Degradation

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  • Christopher J. Ellis

    ()
    (University of Oregon)

  • Edward Birdyshaw

    (California State University, Fresno)

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    Abstract

    We 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 Info

    Paper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2005-10.

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    Length: 17
    Date of creation: 01 May 2005
    Date of revision:
    Handle: RePEc:ore:uoecwp:2005-10

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    Keywords: Commons; Property Rights; Environmental Resource;

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