Rights and rents in local commons
This paper considers management of renewable resources in local or regional commons. It suggests that property rights, or lack thereof, be replaced by clearly defined user rights. Further, it recommends that use be conditioned - and paid for or valued via market mechanisms. To that end, direct deals...
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| Format: | Article |
| Language: | English |
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Society for the Promotion of Mechanism and Institution Design
2020-12-01
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| Series: | Journal of Mechanism and Institution Design |
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| Online Access: |
http://www.mechanism-design.org/arch/v005-1/p_05.pdf
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