Common Property Economics

Author : Glenn G. Stevenson
Publisher : Cambridge University Press
ISBN 13 : 9780521384414
Total Pages : 272 pages
Book Rating : 4.19/5 ( download)

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Download or read book Common Property Economics written by Glenn G. Stevenson and published by Cambridge University Press. This book was released on 1991-08-30 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Common Property Economics defines and clarifies the theoretical distinction between open access and common property and empirically tests the adequacy of resource allocation under common property in comparison with private property. The book presents theoretical models to demonstrate overexploitation under open access. Seven necessary and sufficient conditions differentiate common property from open access. Swiss alpine grazing commons are contrasted with grazing in the English open field system. Statistical work using Swiss data compares the performance of common property with private property. Whether it be fisheries, grazing land, oil and gas pools, groundwater, or wildlife, group use of natural resources has long received the blame for overexploitation and mismanagement. In this book two types of group use are identified: open access and common property. Open access refers to resource utilization without any controls on extraction rates, a situation in which resource overexploitation often occurs. On the other hand, "common property" is a term that ought to be reserved for group use in which outside access and user extraction rates are controlled.

Author : Glenn G. Stevenson
Publisher : Cambridge University Press
ISBN 13 : 0521384419
Total Pages : 272 pages
Book Rating : 4.14/5 ( download)

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Download or read book Common Property Economics written by Glenn G. Stevenson and published by Cambridge University Press. This book was released on 1991-08-30 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Common property economics defines and clarifies the theoretical distinction between open access and common property and empirically tests the adequacy of resource allocation under common property and empirically tests the property in comparison with private property. Group use of natural resources has often received the blame for overexploitation and mismanagement, whether of fisheries, grazing land, oil and gas pools, groundwater, or wildlife. In this book two types of group use are identified: open access and utilization without any controls on extraction rates, a situation in which resource overexploitation often occurs. In contrast, common property refers to the situation where the group controls the access to and extraction rates of the resource. The common property solutions differ from those associated with open access. The nonoptimality of open access is demonstrated with graphic, game theoretic, and mathematical models. The necessary and sufficient conditions for common property to overcome the difficulties of open access are examined. Stevenson discusses historical examples, the basis in legal concepts, the contrast with public goods, the formation, and the stability of common property. In a detailed, empirical study of alpine grazing in Switzerland, the author compares the performance of common property with that of private property. He also notes the similarity in structure between the Swiss grazing commons and the English open field system.

Author : Michael D. Kaplowitz
Publisher : Routledge
ISBN 13 : 1135697140
Total Pages : 421 pages
Book Rating : 4.43/5 ( download)

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Download or read book Property Rights, Economics and the Environment written by Michael D. Kaplowitz and published by Routledge. This book was released on 2004-08-02 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how discussions of environmental policy increasingly require scholars and practitioners to integrate legal-economic analyses of property rights issues. An excellent array of contributors have come together for the first time to produce this magnificent book.

Author : G. Cornelis Van Kooten
Publisher : UBC Press
ISBN 13 : 0774844566
Total Pages : 463 pages
Book Rating : 4.67/5 ( download)

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Download or read book Land Resource Economics and Sustainable Development written by G. Cornelis Van Kooten and published by UBC Press. This book was released on 2011-11-01 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This text seeks to provide an introduction to issues of land use and the economic tools that are used to resolve land-use conflicts. In particular, tools of economic analysis are used to address allocation of land among alternative uses in such a way that the welfare of society is enhanced. Thus, the focus is on what is best for society and not what is best for an individual, a particular group of individuals, or a particular constituency. What this text seeks to provide is a balanced and just approach to decision-making concerning allocation of land.' -- from the Introduction

Author : Gary D. Libecap
Publisher : Cambridge University Press
ISBN 13 : 9780521449045
Total Pages : 148 pages
Book Rating : 4.49/5 ( download)

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Download or read book Contracting for Property Rights written by Gary D. Libecap and published by Cambridge University Press. This book was released on 1993 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The histories of rights to minerals, range, timber land, fishery and crude oil production in the U.S. are examined to reveal the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements.

Author : Graham Squires
Publisher : Routledge
ISBN 13 : 1000481603
Total Pages : 220 pages
Book Rating : 4.00/5 ( download)

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Download or read book The Economics of Property and Planning written by Graham Squires and published by Routledge. This book was released on 2021-11-29 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the interlocking disciplines of property and planning to economic theory and practice. Unlike any other available textbook, The Economics of Property and Planning skilfully introduces the reader to the interplay between property and planning using an economic lens. As resources become scarce, there is a growing need for students to understand the principles of economics in property and planning, especially given the rapid social, environmental, technological, and political changes that are shaping places. The book begins with an outline of key economists and economic problems, then resources and scarcity, before examining macro- and microeconomic factors at play in property and planning. Furthermore, this book covers a variety of topics, including spatial and locational modelling, fiscal approaches to redistribution, regeneration and renewal, and transport and infrastructure financing. There is also a particular focus on contemporary issues such as climate change, environmental limits to economic growth, sustainability and resilience, and affordable housing. This book also introduces practical evaluation tools and appraisal, plus a look at property and planning with respect to macroeconomic objectives, policy, and new directions. With property and planning essential factors in economic thinking and doing, this book provides insight into what future places will look like in real terms and how they will be shaped by policy. Targeted disciplines for this book include Economics, Planning, Property, Construction, Geography, Environmental Management, Sustainability, Housing, Built Environment, Land Economy, Urban Studies, Regional Studies, and Public Policy.

Author : S. V. Ciriacy-Wantrup
Publisher : Routledge
ISBN 13 : 0429717776
Total Pages : 299 pages
Book Rating : 4.72/5 ( download)

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Download or read book Natural Resource Economics written by S. V. Ciriacy-Wantrup and published by Routledge. This book was released on 2019-04-09 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume was assembled by two of Dr. Wantrup's students as a complement to his textbook, Resource Conservation: Economics and Policies. Wantrup's ideas on conservation economics continued to evolve in ways that were never fully reflected in that text, and although for the student of natural resource economics it is still essential reading, to st

Author : Josh Ryan-Collins
Publisher : Zed Books Ltd.
ISBN 13 : 1786991217
Total Pages : 214 pages
Book Rating : 4.18/5 ( download)

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Download or read book Rethinking the Economics of Land and Housing written by Josh Ryan-Collins and published by Zed Books Ltd.. This book was released on 2017-02-28 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.

Author : Nicholas G. Pirounakis
Publisher : Routledge
ISBN 13 : 1136208445
Total Pages : 514 pages
Book Rating : 4.47/5 ( download)

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Download or read book Real Estate Economics written by Nicholas G. Pirounakis and published by Routledge. This book was released on 2013-05-29 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real Estate Economics: A point-to-point handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy, RE finance, investment appraisal, taxation, demand and supply, development, market dynamics and price bubbles, and price estimation. It balances housing economics with commercial property economics, and pays particular attention to the issue of property dynamics and bubbles – something very topical in the aftermath of the US house-price collapse that precipitated the global crisis of 2008. This textbook takes an international approach and introduces the student to the necessary ‘toolbox’ of models required in order to properly understand the mechanics of real estate. It combines theory, technique, real-life cases, and practical examples, so that in the end the student is able to: • read and understand most RE papers published in peer-reviewed journals; • make sense of the RE market (or markets); and • contribute positively to the preparation of economic analyses of RE assets and markets soon after joining any company or other organization involved in RE investing, appraisal, management, policy, or research. This book should be particularly useful to third-year students of economics who may take up RE or urban economics as an optional course, to postgraduate economics students who want to specialize in RE economics, to graduates in management, business administration, civil engineering, planning, and law who are interested in RE, as well as to RE practitioners and to students reading for RE-related professional qualifications.

Author : Elinor Ostrom
Publisher : Cambridge University Press
ISBN 13 : 1107569788
Total Pages : 297 pages
Book Rating : 4.82/5 ( download)

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Download or read book Governing the Commons written by Elinor Ostrom and published by Cambridge University Press. This book was released on 2015-09-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.