Grazing On Public Rangelands: An Evolving Problem Of Property Rights
Competition for publicly owned natural resources may be intensified when property rights are incomplete. Incomplete delineation of these rights among claimants to the various resource attributes of the public rangelands of the western United States has resulted in high transaction costs for capturing and/or protecting unassigned rights. This paper addresses how changes in the values society places on the public land resources have resulted in changes in the relative positions of various interest groups with respect to resource allocation decisions. The paper concludes by discussing implications of the property right approach for land management policies and grazing fees. Copyright 1995 Western Economic Association International.
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Volume (Year): 13 (1995)
Issue (Month): 2 (April)
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