Description
Book SynopsisLibecap examines the problems in negotiations among claimants and the political and economic considerations that influence property rights arrangements. Through case studies of different natural resources, the author analyses a variety of contractual negotiations and economic outcomes. This book is an important contribution to property rights theory and American economic history.
Trade Review'The case studies are enjoyable to read … Libecap has been a major contributor to the literature on the efficiency gains to be had from more specificity in property rights assignments. The book reinforces that view but more importantly addresses the more difficult question as to why societies allow themselves to be victims of the tragedy of the commons.' Journal of Economic History
'The book well summarises Professor Libecap's well-known and highly respected work on the emergence of property rights, with a more general analytical chapter added … This is a fine book.' Journal of Comparative Economics
Table of ContentsSeries editors' preface; 1. Contracting for property rights; 2. Analytical framework; 3. Contracting for mineral rights; 4. Contracting for changes in federal land policies; 5. Contracting in fisheries; 6. Contracting for the utilization of oil fields; 7. Concluding remarks; References; Index.
