The Implications of the Resource Management Act to Property Rights in Agriculture Land Use in New Zealand
The Resource Management Act 1991 sets new standards for environmental regulations in New Zealand. The emphasis of the legislation is on property rights and market solutions. This paper is concerned with the limits to market solutions in the presence of externalities and potentially high transaction costs.
Volume (Year): 64 (1996)
Issue (Month): 03 (December)
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- Johnson, R.W.M., 1992. "Resource Management, Sustainability And Property Rights In New Zealand," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(02), August.
- Cheung, Steven N S, 1970. "The Structure of a Contract and the Theory of a Non-exclusive Resource," Journal of Law and Economics, University of Chicago Press, vol. 13(1), pages 49-70, April.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
- R.W.M. Johnson, 1992. "Resource Management, Sustainability And Property Rights In New Zealand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 36(2), pages 167-185, 08.
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