In this paper we are concerned with private sector participation in natural resource management in developing countries. The paper addresses both the establishment (or formalisation) of private property rights to natural resources, and the private markets in which such rights are exchanged. The...

We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...