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Rose Anne Devlin - Economic Rights and Environmental Wrongs: Property Rights for the Common Good

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title Economic Rights and Environmental Wrongs Property Rights for the - photo 1


title:Economic Rights and Environmental Wrongs : Property Rights for the Common Good
author:Devlin, Rose Anne.; Grafton, R. Quentin
publisher:Edward Elgar Publishing, Inc.
isbn10 | asin:1840643285
print isbn13:9781840643282
ebook isbn13:9781840647631
language:English
subjectEnvironmental degradation--Economic aspects, Environmental economics, Right of property, Environmental responsibility.
publication date:1998
lcc:GE140.D48 1998eb
ddc:363.7/058
subject:Environmental degradation--Economic aspects, Environmental economics, Right of property, Environmental responsibility.

Page i

Economic Rights and Environmental Wrongs

Page iii


Economic Rights and Environmental Wrongs

Property Rights for the Common Good

Rose Anne Devlin and R. Quentin Grafton

Department of Economics
University of Ottawa


Page iv Rose Anne Devlin and R Quentin Grafton 1998 All rights reserved No - photo 2

Page iv

Rose Anne Devlin and R. Quentin Grafton 1998

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical or photocopying, recording, or otherwise without the prior permission of the publisher.

Published by
Edward Elgar Publishing Limited
Glensanda House
Montpellier Parade
Cheltenham Glos GL50 1UA
UK

Edward Elgar Publishing, Inc.
136 West Street
Suite 202
Northampton
Massachusetts 01060
USA

Paperback edition 1999

A catalogue record for this book
is available from the British Library

Library of Congress Cataloguing-in-Publication Data
Devlin, Rose Anne, 1956

Economic rights and environmental wrongs: property rights for the
common good / Rose Anne Devlin, R. Quentin Grafton.

Includes bibliographical references and index.

1. Environmental degradationEconomic aspects. 2. Environmental
economics. 3. Right of property. 4. environmental responsibility.

I. Grafton, R. Quentin, 1962- . II. Title.
GE14O.D48 1998
363.7'058dc21

97-33596
CIP

ISBN 1 85898 450 5 (cased)
1 84064 328 5 (paperback)

Printed and bound in Great Britain by
MPG Books Ltd, Bodmin, Cornwall

Page v

To Thomas, and Brecon and Ariana
May they inherit a better world


Department of Economics
PO Box 450, Station A
Ottawa, Ontario
Canada
KIN 6N5
(613) 562-5800 Ext. 1432 and 1688
Fax (613) 562-5999
radevlin@uottawa.ca
qgrafton@uottawa.ca

Page vii

Contents
list of Figuresix
Prefacexi
Acknowledgementsxiii
Environmental Wrongs1
1.1 Harm, History and Humanity1
1.2 The Environmental Challenge4
1.3 Humanity and the Environment12
1.4 Rights and Remedies13
1.5 Further Reading16
Externalities and the Environment18
2.1 Externalities18
2.2 Types of Pollution26
2.3 Externalities, Economics and the Environment35
2.4 Further Reading36
Property Rights for Pollution37
3.1 The Problem37
3.2 Property Rights38
3.3 Property Rights and Pollution43
3.4 Implementing Property Rights:
Why and Why Not?
65
3.5 Further Reading67

Page viii

Property Rights for Natural Resources68
4.1 Characteristics of Natural Resources68
4.2 Property-Rights Regimes73
4.3 Rights, Regimes and Remedies99
4.4 Further Reading100
Controlling Environmental Degradation without Property Rights102
5.1 Controlling the Environment102
5.2 Poverty and the Environment123
5.3 Green Accounts125
5.4 Environmental Degradation, Now What?127
5.5 Further Reading127
Property Rights for the Common Good129
6.1 Lessons Learned129
6.2 The Importance of Incentives136
6.3 The Importance of Institutions137
6.4 A Final Word139
Glossary141
World Wide Web Sites156
References161
Index179

Page ix

List of Figures

1.1Easter Island3
1.2Annual mean concentrations of suspended particulate matter11
2.1Desirable level of an activity20
2.2Costs associated with reductions in CO2 baseline emissions21
2.3Desirable level of emissions23
2.4Zero level of emission24
3.1Characteristics of property rights40
3.2Characteristics of goods and resources41
3.3The RECLAIM programme of Southern California47
3.4Solving the household waste problem51
3.5The Fox River discharge programme, Wisconsin, United States55
3.6The U.S. trading programme of sulphur dioxide60
3.7Controlling ozone-depleting substances64
4.1Individual transferable quotas in New Zealand's fisheries89

Page xi

Preface

When we read newspapers or magazines, listen to the radio or watch the television we are likely to learn about at least one environmental challenge or crisis every week. If it is not a global problem like the depletion of the ozone layer, it is a regional concern over acid rain or even a local question of how to find a suitable site for a nearby town's landfill. The fact that you're now reading Economic Rights and Environmental Wrongs means that you are certainly aware of many of these challenges. You are concerned about the problems of pollution, and the fact that many natural resources, such as fish, forests and farming land, are not being used as they should be. Our book provides a way to understand how these problems arise.

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