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Some costs of incomplete property rights with regard to federal grazing permits
Public land uses, other than raising livestock, have gained greater importance in policy proposals recently. Under the current property rights regime, the market solution of trading grazing permits is restricted; political action is used to allocate public land use. The effect of increased political...
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| Published in: | Land economics 1998-05, Vol.74 (2), p.171-185 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c528t-5b35dd833abd4e403bb505a2e621729524198cf1c1f0da8d936cdf9a7280fbd93 |
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| container_end_page | 185 |
| container_issue | 2 |
| container_start_page | 171 |
| container_title | Land economics |
| container_volume | 74 |
| creator | Egan, L.M. (University of California, Davis.) Watts, M.J |
| description | Public land uses, other than raising livestock, have gained greater importance in policy proposals recently. Under the current property rights regime, the market solution of trading grazing permits is restricted; political action is used to allocate public land use. The effect of increased political pressure to emphasize noncommercial uses on grazing permits values is estimated. If the rights to grazing permits were secure and transferable, then the grazing permits values would not decrease in value as non-commercial uses become more desired. Results indicate the opposite effect occurs in that as non-commercial uses become more dear, grazing permit values have declined. |
| doi_str_mv | 10.2307/3147049 |
| format | article |
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(University of California, Davis.)</au><au>Watts, M.J</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Some costs of incomplete property rights with regard to federal grazing permits</atitle><jtitle>Land economics</jtitle><date>1998-05-01</date><risdate>1998</risdate><volume>74</volume><issue>2</issue><spage>171</spage><epage>185</epage><pages>171-185</pages><issn>0023-7639</issn><eissn>1543-8325</eissn><coden>LAECAD</coden><abstract>Public land uses, other than raising livestock, have gained greater importance in policy proposals recently. Under the current property rights regime, the market solution of trading grazing permits is restricted; political action is used to allocate public land use. The effect of increased political pressure to emphasize noncommercial uses on grazing permits values is estimated. If the rights to grazing permits were secure and transferable, then the grazing permits values would not decrease in value as non-commercial uses become more desired. Results indicate the opposite effect occurs in that as non-commercial uses become more dear, grazing permit values have declined.</abstract><cop>Chicago</cop><pub>University of Wisconsin Press</pub><doi>10.2307/3147049</doi><tpages>15</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0023-7639 |
| ispartof | Land economics, 1998-05, Vol.74 (2), p.171-185 |
| issn | 0023-7639 1543-8325 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38607100 |
| source | EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); ABI/INFORM Global; Social Science Premium Collection (Proquest) (PQ_SDU_P3); JSTOR; Business Source Ultimate (EBSCOHost) |
| subjects | Agricultural resources Cattle CENTRAL GOVERNMENT COMMON LANDS COSTS Discount rates Economic models ESTIMATION EXTENSIVE FARMING Fees & charges Forage Grazing Grazing fees GRAZING SYSTEMS LAND Land economics Land use Land use planning Laws, regulations and rules LEGAL RIGHTS LICENCES Livestock MATHEMATICAL MODELS NEVADA Pasture, Right of Pastures Policy making Political action Political power Political systems Politics PRICES PROFIT Property rights PUBLIC DOMAIN Public land Public lands Public policy Public property Ranches RANCHING Regulation Resource allocation Right of property Studies Trade Uncertainty |
| title | Some costs of incomplete property rights with regard to federal grazing permits |
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