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Institutions and the Environment
This volume contains the definitive contributions to the institutional foundations of environmental issues. It covers the foundations of welfare economics, externalities, market failure, and the central nexus of law and economics. Each contribution illustrates the fundamental importance of institutions – the legal scaffolding of an economy – to environmental problems. This understanding of the institutions of an economy then leads into extensive coverage of how to diagnose environmental problems and then to formulate policy solutions to deforestation, degraded fisheries and pastoral regimes, pollution, land-use conflicts, contested property rights, the tragedy of open-access natural resources and general development problems in sub-Saharan Africa.
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Contributors
Contents
More Information
This volume contains the definitive contributions to the institutional foundations of environmental issues. It covers the foundations of welfare economics, externalities, market failure, and the central nexus of law and economics. Each contribution illustrates the fundamental importance of institutions – the legal scaffolding of an economy – to environmental problems. This understanding of the institutions of an economy then leads into extensive coverage of how to diagnose environmental problems and then to formulate policy solutions to deforestation, degraded fisheries and pastoral regimes, pollution, land-use conflicts, contested property rights, the tragedy of open-access natural resources and general development problems in sub-Saharan Africa.
Along with an original introduction by Professor Bromley, the collection will appeal to students, practitioners and academics working in this dynamic field.
Along with an original introduction by Professor Bromley, the collection will appeal to students, practitioners and academics working in this dynamic field.
Contributors
46 articles, dating from 1938 to 2008
Contributors: F.M. Bator, W.J. Baumol, R.W. Boadway, R.R. Nelson, J.-P. Plateau, W.J. Samuels, P.A. Samuelson, A. Sen, V.L. Smith
Contributors: F.M. Bator, W.J. Baumol, R.W. Boadway, R.R. Nelson, J.-P. Plateau, W.J. Samuels, P.A. Samuelson, A. Sen, V.L. Smith
Contents
Contents:
Acknowledgements
Introduction Daniel W. Bromley
PART I INSTITUTIONS
1. Richard R. Nelson and Bhaven N. Sampat (2001), ‘Making Sense of Institutions as a Factor Shaping Economic Performance’
PART II LAW AND ECONOMICS
2. Warren J. Samuels (1971), ‘Interrelations between Legal and Economic Processes’
3. Warren J. Samuels (1974), ‘The Coase Theorem and the Study of Law and Economics’
4. Daniel W. Bromley (1978), ‘Property Rules, Liability Rules, and Environmental Economics’
5. Warren J. Samuels (1989), ‘The Legal-Economic Nexus’
6. Daniel W. Bromley (1989), ‘Entitlements, Missing Markets, and Environmental Uncertainty’
PART III EXTERNALITIES AND MARKET FAILURE
7. J.E. Meade (1952), ‘External Economies and Diseconomies in a Competitive Situation’
8. Francis M. Bator (1958), ‘The Anatomy of Market Failure’
9. Vernon L. Smith (1968), ‘Economics of Production from Natural Resources’
10. Vernon L. Smith (1969), ‘On Models of Commercial Fishing’
11. William J. Baumol (1972), ‘On Taxation and the Control of Externalities’
12. Colin W. Clark (1973), ‘Profit Maximization and the Extinction of Animal Species’
13. Carl J. Dahlman (1979), ‘The Problem of Externality’
14. Arild Vatn and Daniel W. Bromley (1997), ‘Externalities – A Market Model Failure’
PART IV WELFARE ECONOMICS
15. Abram Bergson (1938), ‘A Reformulation of Certain Aspects of Welfare Economics’
16. Paul A. Samuelson (1950), ‘Evaluation of Real National Income’
17. W.M. Gorman (1955), ‘The Intransitivity of Certain Criteria Used in Welfare Economics’
18. Francis M. Bator (1957), ‘The Simple Analytics of Welfare Maximization’
19. Robin W. Boadway (1974), ‘The Welfare Foundations of Cost-Benefit Analysis’
20. Robin Boadway (1976), ‘Integrating Equity and Efficiency in Applied Welfare Economics’
21. John S. Chipman and James C. Moore (1978), ‘The New Welfare Economics 1939–1974’
22. E.J. Mishan (1980), ‘How Valid Are Economic Evaluations of Allocative Changes?’
23. Robert Cooter and Peter Rappoport (1984), ‘Were the Ordinalists Wrong About Welfare Economics?’
24. John Martin Gillroy (1992), ‘The Ethical Poverty of Cost-Benefit Methods: Autonomy, Efficiency and Public Policy Choice’
PART V INSTITUTIONS AS INSTRUMENTS OF PUBLIC CHOICE
25. Laurence H. Tribe (1972), ‘Policy Science: Analysis or Ideology?’
26. Alexander James Field (1979), ‘On the Explanation of Rules Using Rational Choice Models’
27. Daniel W. Bromley (1990), ‘The Ideology of Efficiency: Searching for a Theory of Policy Analysis’
28. Amartya Sen (1993), ‘Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms’
29. Arild Vatn and Daniel W. Bromley (1994), ‘Choices without Prices without Apologies’
30. Michael E. Porter and Claas van der Linde (1995), ‘Toward a New Conception of the Environment-Competitiveness Relationship’
31. Olof Johansson-Stenman (1998), ‘On the Problematic Link between Fundamental Ethics and Economic Policy Recommendations’
PART VI PROPERTY RIGHTS AND PROPERTY REGIMES
32. Joseph L. Sax (1983), ‘Some Thoughts on the Decline of Private Property’
33. Barry C. Field (1989), ‘The Evolution of Property Rights’
34. Bruce A. Larson and Daniel W. Bromley (1990), ‘Property Rights, Externalities, and Resource Degradation: Locating the Tragedy’
35. Daniel W. Bromley (1992), ‘The Commons, Common Property, and Environmental Policy’
36. Rogier van den Brink, Daniel W. Bromley and Jean-Paul Chavas (1995), ‘The Economics of Cain and Abel: Agro-Pastoral Property Rights in the Sahel’
37. Daniel W. Bromley (1997), ‘Constitutional Political Economy: Property Claims in a Dynamic World’
38. Espen Sjaastad and Daniel W. Bromley (2000), ‘The Prejudices of Property Rights: On Individualism, Specificity, and Security in Property Regimes’
PART VII INSTITUTIONS IN ENVIRONMENT AND DEVELOPMENT
39. Carlisle Ford Runge (1981), ‘Common Property Externalities: Isolation, Assurance, and Resource Depletion in a Traditional Grazing Context’
40. Daniel W. Bromley (1989), ‘Property Relations and Economic Development: The Other Land Reform’
41. Shem Migot-Adholla, Peter Hazell, Benoît Blarel and Frank Place (1991), ‘Indigenous Land Rights Systems in Sub-Saharan Africa: A Constraint on Productivity?’
42. Jean-Philippe Platteau (1996), ‘The Evolutionary Theory of Land Rights as Applied to Sub-Saharan Africa: A Critical Assessment’
43. Espen Sjaastad and Daniel W. Bromley (1997), ‘Indigenous Land Rights in Sub-Saharan Africa: Appropriation, Security and Investment Demand’
44. Anne-Sophie Brasselle, Frédéric Gaspart and Jean-Philippe Platteau (2002), ‘Land Tenure Security and Investment Incentives: Puzzling Evidence from Burkina Faso’
45. Daniel W. Bromley (2008), ‘Formalising Property Relations in the Developing World: The Wrong Prescription for the Wrong Malady’
46. Daniel W. Bromley (2008), ‘Resource Degradation in the African Commons: Accounting for Institutional Decay’
Acknowledgements
Introduction Daniel W. Bromley
PART I INSTITUTIONS
1. Richard R. Nelson and Bhaven N. Sampat (2001), ‘Making Sense of Institutions as a Factor Shaping Economic Performance’
PART II LAW AND ECONOMICS
2. Warren J. Samuels (1971), ‘Interrelations between Legal and Economic Processes’
3. Warren J. Samuels (1974), ‘The Coase Theorem and the Study of Law and Economics’
4. Daniel W. Bromley (1978), ‘Property Rules, Liability Rules, and Environmental Economics’
5. Warren J. Samuels (1989), ‘The Legal-Economic Nexus’
6. Daniel W. Bromley (1989), ‘Entitlements, Missing Markets, and Environmental Uncertainty’
PART III EXTERNALITIES AND MARKET FAILURE
7. J.E. Meade (1952), ‘External Economies and Diseconomies in a Competitive Situation’
8. Francis M. Bator (1958), ‘The Anatomy of Market Failure’
9. Vernon L. Smith (1968), ‘Economics of Production from Natural Resources’
10. Vernon L. Smith (1969), ‘On Models of Commercial Fishing’
11. William J. Baumol (1972), ‘On Taxation and the Control of Externalities’
12. Colin W. Clark (1973), ‘Profit Maximization and the Extinction of Animal Species’
13. Carl J. Dahlman (1979), ‘The Problem of Externality’
14. Arild Vatn and Daniel W. Bromley (1997), ‘Externalities – A Market Model Failure’
PART IV WELFARE ECONOMICS
15. Abram Bergson (1938), ‘A Reformulation of Certain Aspects of Welfare Economics’
16. Paul A. Samuelson (1950), ‘Evaluation of Real National Income’
17. W.M. Gorman (1955), ‘The Intransitivity of Certain Criteria Used in Welfare Economics’
18. Francis M. Bator (1957), ‘The Simple Analytics of Welfare Maximization’
19. Robin W. Boadway (1974), ‘The Welfare Foundations of Cost-Benefit Analysis’
20. Robin Boadway (1976), ‘Integrating Equity and Efficiency in Applied Welfare Economics’
21. John S. Chipman and James C. Moore (1978), ‘The New Welfare Economics 1939–1974’
22. E.J. Mishan (1980), ‘How Valid Are Economic Evaluations of Allocative Changes?’
23. Robert Cooter and Peter Rappoport (1984), ‘Were the Ordinalists Wrong About Welfare Economics?’
24. John Martin Gillroy (1992), ‘The Ethical Poverty of Cost-Benefit Methods: Autonomy, Efficiency and Public Policy Choice’
PART V INSTITUTIONS AS INSTRUMENTS OF PUBLIC CHOICE
25. Laurence H. Tribe (1972), ‘Policy Science: Analysis or Ideology?’
26. Alexander James Field (1979), ‘On the Explanation of Rules Using Rational Choice Models’
27. Daniel W. Bromley (1990), ‘The Ideology of Efficiency: Searching for a Theory of Policy Analysis’
28. Amartya Sen (1993), ‘Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms’
29. Arild Vatn and Daniel W. Bromley (1994), ‘Choices without Prices without Apologies’
30. Michael E. Porter and Claas van der Linde (1995), ‘Toward a New Conception of the Environment-Competitiveness Relationship’
31. Olof Johansson-Stenman (1998), ‘On the Problematic Link between Fundamental Ethics and Economic Policy Recommendations’
PART VI PROPERTY RIGHTS AND PROPERTY REGIMES
32. Joseph L. Sax (1983), ‘Some Thoughts on the Decline of Private Property’
33. Barry C. Field (1989), ‘The Evolution of Property Rights’
34. Bruce A. Larson and Daniel W. Bromley (1990), ‘Property Rights, Externalities, and Resource Degradation: Locating the Tragedy’
35. Daniel W. Bromley (1992), ‘The Commons, Common Property, and Environmental Policy’
36. Rogier van den Brink, Daniel W. Bromley and Jean-Paul Chavas (1995), ‘The Economics of Cain and Abel: Agro-Pastoral Property Rights in the Sahel’
37. Daniel W. Bromley (1997), ‘Constitutional Political Economy: Property Claims in a Dynamic World’
38. Espen Sjaastad and Daniel W. Bromley (2000), ‘The Prejudices of Property Rights: On Individualism, Specificity, and Security in Property Regimes’
PART VII INSTITUTIONS IN ENVIRONMENT AND DEVELOPMENT
39. Carlisle Ford Runge (1981), ‘Common Property Externalities: Isolation, Assurance, and Resource Depletion in a Traditional Grazing Context’
40. Daniel W. Bromley (1989), ‘Property Relations and Economic Development: The Other Land Reform’
41. Shem Migot-Adholla, Peter Hazell, Benoît Blarel and Frank Place (1991), ‘Indigenous Land Rights Systems in Sub-Saharan Africa: A Constraint on Productivity?’
42. Jean-Philippe Platteau (1996), ‘The Evolutionary Theory of Land Rights as Applied to Sub-Saharan Africa: A Critical Assessment’
43. Espen Sjaastad and Daniel W. Bromley (1997), ‘Indigenous Land Rights in Sub-Saharan Africa: Appropriation, Security and Investment Demand’
44. Anne-Sophie Brasselle, Frédéric Gaspart and Jean-Philippe Platteau (2002), ‘Land Tenure Security and Investment Incentives: Puzzling Evidence from Burkina Faso’
45. Daniel W. Bromley (2008), ‘Formalising Property Relations in the Developing World: The Wrong Prescription for the Wrong Malady’
46. Daniel W. Bromley (2008), ‘Resource Degradation in the African Commons: Accounting for Institutional Decay’
