The purpose of this paper is to emphasis the significance of public asset management in Indonesia that is by identifying opportunities and challenges of Indonesian local governments in adopting current practice of Public Asset Management System. A Case Study, in South Sulawesi Provincial...

Most markets have evolved as buyers and sellers constantly search for ways to create value, however this has not occurred naturally in all areas of the economy – markets are missing for some goods, including the environment. In such cases, transaction costs linked to property rights, asymmetric...

This paper presents an analysis of agricultural contracts using a transaction costs approach. We contend that in a context of modern agriculture, with well defined property rights, agricultural contracts must balance costs and benefits, aligning tenant and landlord incentives towards a similar...

"This paper is one of a series of analyses that represent the first wave of work being performed by IFRI's collaborators. Each author draws upon the training and instrument of the IFRI program to address their particular research questions. Given the early stage of IFRI's implementation, the...

"Access to inshore fisheries in Sierra Leone and their management are discussed in order to provide a basis for improving fisheries management."On the basis of the property rights framework, the state is the de jure owner of the inshore fisheries resources, exploited by the artisanal fishers as...

"Laboratory experiments have generally supported the fundamental theorem that, in classical property rights environments, noncooperative behavior in large group markets yields efficient social outcomes. Experiments, however, regularly fail to support the game theoretic prediction of...

"Many natural resources can be effectively exploited mainly by using capital-intensive technologies. We develop a bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least some degree of informal claims over natural...

"Technological development in breeding and growing Pacific threadfin (mo`i) in open-ocean cages has opened up the possibility of a new growth industry for Hawai`i. However, two types of challenges must be overcome before this potential could be realized. First, the issues of equity and...

From Page 1:"First, please note that this is a very informal version of an essay called 'Property, Agency, Time, Culture, Spirit', to be published in a UNEP book on 'Human Values and Biodiversity', edited by Darrell Posey, due out in 1998."This paper is called 'What, Who, When, Why...' because...

"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...