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This book by Daniel Cole and Elinor Ostrom, winner of the 2009 Nobel Prize in Economics, shows how property rights systems affect the use of scarce natural resources. It is a rich source of information for those involved in conservation, land dispute resolution, land market regulation, public policy, and zoning.
Environmental protection and resource conservation depend on the imposition of property rights (broadly defined) because in the absence of some property system - private, common, or public - resource degradation and depletion are inevitable. But there is no universal, first-best property regime for environmental protection in this second-best world. Using case studies and examples taken from countries around the world, this 2002 book demonstrates that the choice of ownership institution is contingent upon institutional, technological, and ecological circumstances that determine the differential costs of instituting, implementing, and maintaining alternative regimes. Consequently, environmental protection is likely to be more effective and more efficient in a society that relies on multiple (and often mixed) property regimes. The book concludes with an assessment of the important contemporary issue of 'takings', which arise when different property regimes collide.
Principles of Law and Economics is an undergraduate coursebook
This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation.
"Shows how Thomas Cole's neglected Catskill Creek paintings cohere as a series and express the artist's deep attachment to place and region"--
Exploring theoretical foundations for the distribution of shared responsibility, this book provides a basis for the development of international law.
Traces the musical career of the jazz singer, from the formation of his jazz trio to his television show, and describes his desire to battle segregation by playing to all audiences.
"This fine collection on competing political loyalties in the late Habsburg Monarchy is framed by clear research questions.The dynasty faced formidable competitors in its own crownlands, cities and villages. [This volume] presents this competition in vibrant and varied case studies. From it readers will take a sampling of some of the best recent scholarship on the Habsburg Monarchy." - Slavonic and East European Review "Any future discussion on the last years of the Habsburg Monarchy's political history should build on this collection's significant achievements whether the point of departure is the monarchy's ultimate failure or a decidedly a-teleological perspective...It is not a book that ...
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