A property rights strategy for protecting the environment: a comment on Stroup and Goodman

Article Abstract:

Richard L. Stroup and Sandra L. Goodman attempt to show that the private sector is more effective than the government in allocating environmental resources by comparing public and private time frames in non-environmental decision-making. Although they demonstrate public incentives favoring short-run concerns, they do not show that the private sector necessarily takes a long-term view. Besides, political institutions would need to be involved in establishing private rights, and the transition would need to be carefully worked out. However, market-oriented approaches do seem warranted at least in some areas.

Criticism and interpretation, Stroup, Richard L., Goodman, Sandra L.

---

Behind schedule and over budget: the case of markets, water, and environment

Article Abstract:

Markets for water quantity and quality could improve environmental protection and resource allocation, but there are currently too many political and institutional barriers to water policies based on market incentives. Uncertainties over water resource ownership inhibit the development of water markets. In cases where economic incentives are applied, most programs use government-administered pricing which is unable to simulate market price outcomes. Large-scale reforms in state and federal water laws are necessary to remove existing barriers before regional water markets can emerge.

Water

---

Property rights, environmental resources, and the future

Article Abstract:

Public sector decisions tend to be made in order to produce immediate benefits, whereas private owners have more incentives to consider long-term effects. Although comparison of private versus public management of environmental resources is difficult, indirect evidence from investment in public infrastructure, deferred worker compensation and electric utility regulation supports the theory that private property rights function better than government ownership in resource allocation over time.

Similar abstracts:

• Abstracts: Policy innovation or 'mudding through'? 'new' environmental policy instruments in the United Kingdom. Much talk but little action? 'new' environmental policy instruments in Ireland
• Abstracts: The role of private parties in the enforcement of the Uruguay Round Agreements. The time to comply with an adverse WTO ruling
• Abstracts: A settler in the coming deracination state. The contagion of innocence
• Abstracts: Bills of rights and regression to the mean. Does antitrust have a comparative advantage? Adversary inferences
• Abstracts: The search for international order and justice. Reaching for values: the Commonwealth and Nigeria. Troubled Zimbabwe

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.