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Fallow Lengths and the Structure of Property Rights
Le Rossignol, Etienne; Lowes, Sara; Montero, Eduardo - National Bureau of Economic Research - 2024
We study a fundamental institution in many societies: the structure of property rights over land. Across societies, communal land rights have been more common than private land rights. We test the hypothesis that longer fallow requirements - the time needed to leave land uncultivated to restore...
Persistent link: https://www.econbiz.de/10014512080
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The Problem of the Commons : Still Unsettled After 100 Years
Stavins, Robert N. - 2010
The problem of the commons is more important to our lives and thus more central to economics than a century ago when … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …. Critical commons problems are also associated with environmental quality. A key contribution of economics has been the …
Persistent link: https://www.econbiz.de/10012462253
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Credit Markets, Property Rights, and the Commons
Noack, Frederik; Costello, Christopher J. - National Bureau of Economic Research - 2022
commons. Using a dynamic model of competitive resource extraction, we show that improving property right security …
Persistent link: https://www.econbiz.de/10013172188
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Do Property Rights Alleviate the Problem of the Commons? Evidence from California Groundwater Rights
Ayres, Andrew B. - 2019
Property rights are widely prescribed for addressing overextraction of common pool resources, yet causal evidence of their effectiveness remains elusive. We develop a model of dynamic groundwater extraction to demonstrate how a spatial regression discontinuity design exploiting a...
Persistent link: https://www.econbiz.de/10012480212
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Non-Parametric Tests of the Tragedy of the Commons
Banzhaf, H. Spencer - 2019
-parametric tests of behavior consistent with the tragedy of the commons model. Our approach derives testable implications of such … to panel data of Norwegian fishers, we find evidence rejecting the tragedy of the commons model. Significantly, we find … commons …
Persistent link: https://www.econbiz.de/10012480342
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Limited-Tenure Concessions for Collective Goods
Quérou, Nicolas; Tomini, Agnes; Costello, Christopher J. - National Bureau of Economic Research - 2021
We analyze theoretically an institution called a "limited-tenure concession" for its ability to induce efficient public goods contribution and common-pool resource extraction. The basic idea is that by limiting the tenure over which an agent can enjoy the public good, but offering the...
Persistent link: https://www.econbiz.de/10012482733
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Public Policies against Global Warming
Sinn, Hans-Werner - 2007
Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or...
Persistent link: https://www.econbiz.de/10012465195
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Measuring Property Rights Institutions
Djankov, Simeon - 2020
How do the different elements in the standard bundle of property rights - such as the right of possession or the right of transfer - differentially impact outcomes, such as urban development? This paper incorporates insecure property rights into a standard model of urban land prices and density,...
Persistent link: https://www.econbiz.de/10012481142
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Colonial Origins, Property Rights, and the Organization of Agricultural Production : the US Midwest and Argentine Pampas Compared
Edwards, Eric C. - 2020
We examine the origins, persistence, and economic consequences of institutional structures of agricultural production. We compare farms in the Argentine Pampas and US Midwest, regions of similar potential input and output mixes. The focus is on 1910-1914, during the international grain trade...
Persistent link: https://www.econbiz.de/10012481298
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Idea Diffusion and Property Rights
Jovanovic, Boyan - 2020
We study the innovation and diffusion of technology at the industry level. We derive the full dynamic paths of an industry's evolution, from birth to its maturity, and we characterize the impact of diffusion on the incentive to innovate. The model implies that protection of innovators should be...
Persistent link: https://www.econbiz.de/10012482238