Csae Wps/2004-28
نویسنده
چکیده
Opportunistic land encroachment, resulting from costly and incomplete enforcement of common land boundaries, is a problem in many less-developed countries. A multi-period model of such encroachment is presented in this paper. The model accounts explicitly for the cumulative effects of non-compliance of regulations designed to protect a finite, non-renewable resource in this case common land from private expropriation. Gradual evolution of property rights from common to private the consequence of encroachment is demonstrated to be an equilibrium. To prevent the complete loss of common land, full enforcement must be the rule rather than the exception.
منابع مشابه
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متن کاملCsae Wps/2004-27
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تاریخ انتشار 2004