Voluntarily Relinquishing Private Property Rights: The Existence of Risk-Pooling Equilibria When Facing Environmental Uncertainty
نویسندگان
چکیده
منابع مشابه
New Forms of Private Property: Property Rights in Environmental Goods
This entry examines the relationship between property rights and environmental protection. According to the ‘tragedy of the commons’ model, environmental pollution and resource depletion result from the inadequate specification of property rights in environmental goods. Two solutions typically are offered for averting the ‘tragedy’: (1) specify property rights (that is, privatize the commons) o...
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z Some rights to resources adhere to individuals on the basis of ascribed characteristics-these are rights of person. These rights are not subject to voluntary alienation. And there are rights that adhere to specific characteristics of resources and are subject to alienation. These are rights in property. However, there has been a systematic tendency to promote property rights at the expense of...
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The economic analysis of property rights proceeds in two steps. The rst distinguishes rival from nonrival goods. The second contrasts the welfare effects of property rights for these two types of goods. For rival goods, strong property rights lead to ef cient outcomes. For nonrival goods, property rights involve the trade-off formalized by William Nordhaus (1969): Weak property rights lead t...
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cement is an essential ingredient in the concrete buildings. for production of cement considerable amount of fossil fuel and electrical energy is consumed. on the other hand for generating one tone of portland cement, nearly one ton of carbon dioxide is released. it shows that 7 percent of the total released carbon dioxide in the world relates to the cement industry. considering ecological issu...
Managing severe acute respiratory syndrome (SARS) intellectual property rights: the possible role of patent pooling.
Patent applications that incorporate the genomic sequence of the severe acute respiratory syndrome (SARS) coronavirus, have been filed by a number of organizations. This is likely to result in a fragmentation of intellectual property (IP) rights which in turn may adversely affect the development of products, such as vaccines, to combat SARS. Placing these patent rights into a patent pool to be ...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2015
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2015.52027