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Property Rights as Solutions to the Problems of Open Access: Options and Constraints

Gary D. Libecap

in Global Environmental Commons: Analytical and Political Challenges in Building Governance Mechanisms

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199656202
eISBN:
9780191742149
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199656202.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines why property rights that directly address externalities and link individual incentives with social objectives for resource use are not the first policy response to open access. ... More


The Informal Law of the Mining Camps

Mark Kanazawa

in Golden Rules: The Origins of California Water Law in the Gold Rush

Published in print:
2015
Published Online:
January 2016
ISBN:
9780226258676
eISBN:
9780226258706
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226258706.003.0005
Subject:
Economics and Finance, Economic History

Chapter 5 examines the origins of informal rules governing mining and water rights within the network of mining camps that emerged spontaneously throughout the gold fields. The chapter describes the ... More


Introduction: Overview of World Capture Fisheries and the Foundations of Fisheries Economics

Trond Bjørndal and Gordon R. Munro

in The Economics and Management of World Fisheries

Published in print:
2012
Published Online:
January 2013
ISBN:
9780199576753
eISBN:
9780191745973
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199576753.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental, Financial Economics

This chapter reviews the Gordon-Schaefer static economic model of the fishery, the model marking the beginning of modern fisheries economics. The model is examined in the context of two cases – Pure ... More


Economic Theory and the Evolution of Water Law

Mark Kanazawa

in Golden Rules: The Origins of California Water Law in the Gold Rush

Published in print:
2015
Published Online:
January 2016
ISBN:
9780226258676
eISBN:
9780226258706
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226258706.003.0002
Subject:
Economics and Finance, Economic History

Chapter 2 lays out the theoretical framework for understanding the economic approach to property rights and the determinants of changes in property rights over time. The discussion here begins by ... More


Applications to Economics

Jacob K. Goeree, Charles A. Holt, and Thomas R. Palfrey

in Quantal Response Equilibrium: A Stochastic Theory of Games

Published in print:
2016
Published Online:
January 2018
ISBN:
9780691124230
eISBN:
9781400880928
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691124230.003.0009
Subject:
Economics and Finance, History of Economic Thought

This chapter explores whether the equilibrium effects of noisy behavior can cause large deviations from standard predictions in economically relevant situations. It considers a simple ... More


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