CMUL e-Book Database CMUL e-Book Database
account_balance Home > Book

Pollution and property

comparing ownership institutions for environmental protection


Solutions to environmental problems depend on impositing private-, common-, or public-property rights in natural resources. Who should own the resources: private individuals, private groups of 'stakeholders', or the entire society (the public)? Cole argues that no single property regime works best in all circumstances. Environmental protection requires multiple regimes.