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ENVIRONMENTAL AND NATURAL RESOURCE POLICY AND THE OPTIMAL DISPERSION OF PROPERTY RIGHTS AgEcon
Hsu, Shi-Ling; Weinberg, Marca.
Environmental policies generally address problems associated with ill-defined property rights. Our framework describes property rights "regimes" as functions of the degree of consolidation of rights to an asset and of the parties holding those rights. Efficient resource use occurs if welfare gains from regime switches offset endogenous transaction costs.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/20882
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A MODEL OF ENVIRONMENTAL COMPROMISE BETWEEN REGULATORS AND REGULATED PARTIES AgEcon
Hsu, Shi-Ling.
Environmental regulations implemented by administrative agencies have often been met with fierce political resistance from regulated parties. In some instances, regulated parties have turned to legislative and judicial bodies for relief from environmental regulation. As these political and legal battles have escalated, several forms of compromises have evolved. The U.S. Fish and Wildlife Service, in its administration of the Endangered Species Act, has often utilized the tool of "Habitat Conservation Planning" as a means by which some regulatory relief is granted in exchange for an agreement by the regulated party to undertake mitigation measures to aid endangered or threatened species. As a further inducement for regulated parties to enter into the...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/20788
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