IDEAS home Printed from https://ideas.repec.org/a/cup/jinsec/v1y2005i02p193-215_00.html
   My bibliography  Save this article

Improving institutional incentives for public land management: an econometric analysis of school trust land leases

Author

Listed:
  • BONDS, MATTHEW H.
  • POMPE, JEFFREY J.

Abstract

There is considerable interest in the proper management of public lands in the United States, but questions arise over what institutional arrangements may ensure proper land stewardship. Recently, the trust doctrine has been heralded as a way to motivate prudent decision making by land managers. School trust lands, which are managed to generate revenues for public schools, represent a long-standing example of the trust doctrine at work. We examine Mississippi school trust leases and show that the trustees, who are elected officials, maintain multiple conflicting objectives, which ultimately undermine the trust relationship. However, we find that a recent institutional change that made the Boards of Education (the fund recipients) the trustees, caused revenues to increase dramatically.

Suggested Citation

  • Bonds, Matthew H. & Pompe, Jeffrey J., 2005. "Improving institutional incentives for public land management: an econometric analysis of school trust land leases," Journal of Institutional Economics, Cambridge University Press, vol. 1(2), pages 193-215, December.
    • Handle: RePEc:cup:jinsec:v:1:y:2005:i:02:p:193-215_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1744137405000123/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shartaj, Mostafa & Suter, Jordan F. & Manning, Dale, 2023. "State of Depletion: An empirical analysis of groundwater use on State Trust Lands," 2023 Annual Meeting, July 23-25, Washington D.C. 335473, Agricultural and Applied Economics Association.
    2. Singhapathirana, Priyanwada Indeewaree & Hui, Eddie Chi Man & Jayantha, Wadu Mesthrige, 2022. "Critical factors affecting the public land development: A systematic review and thematic synthesis," Land Use Policy, Elsevier, vol. 117(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jinsec:v:1:y:2005:i:02:p:193-215_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/joi .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.