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From Cournot to the Commons: An Analysis of Regulatory Property Rights
Anticommons Water Oligopoly Energy Hydropower
2014/11/27
In 1838 Augustin Cournot defined the concept of a “complementary oligopoly,” where two (or more) independently held inputs are required in order to produce a single output. He also showed that efficie...
Trying to sell or buy water rights can be a complicated exercise. First, it takes time and effort for buyers and sellers to find each other, a process that often relies on word-of-mouth, local bulleti...
The tragedy of the commons: property rights and markets as solutions to resource and environmental problems
bioeconomic models development economics economic growth
2011/10/23
In one way or another, all environmental and natural resource problems associated with overexploitation or under provision of public goods, arise from incompletely defined and enforced property rights...
Donning Coase-coloured glasses: a property rights view of natural resource
natural resource economic sanction military intervention
2011/10/4
Economic analysis of natural resource and environmental issues inappropriately places too much emphasis on Pigouvian externalities and too little on Coasean property rights and transaction costs. The ...
PROPERTY RIGHTS AND ENVIRONMENTAL QUALITY: A CROSS-COUNTRY STUDY
economic development property rights improved environmental quality
2011/9/19
The author discusses her assertion that a correlation exists between the security of private property rights and improved environmental quality as measured by air and water pollution. She argues that ...