Property Rights

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Property Rights and Natural Resource Management by Richard Stroup and John Baden
1979. Originally published in Literature of Liberty, vol. ii, no. 4, September-December 1979, pp. 5-44, Cato Institute.

Introduction: The Property Rights Paradigm

1. Property Rights and Resource Management

2. Private, Transferable Rights in a Market Setting

3. Market Failure and Potential Gains from Government

4. Government Failure, Property Rights, and Resource Allocation

5. Property Rights and Natural Resources: Applications

6. Conclusion: Policy Implications of the Property Rights Approach to Natural Resource Management

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