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Design Principles of Robust Property Rights Institutions
What Have We Learned?PonenciasMayo 2009Elinor OstromElinor Ostrom, one of the pioneers in developing the theory of property rights, challenged the then-conventional wisdom that common-pool resources will be overharvested if clearly delineated private...
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Should Decreases in Property Value Caused by Regulations Be Compensated?
PonenciasMayo 2009Abraham BellIdeally, government could recoup the benefits of land use planning and redistribute them to those who bear the costs. In this case takings compensation is justified. Given the reciprocal nature of...
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Private Conservation Easements
Balancing Private Initiative and the Public InterestPonenciasMayo 2009A commonly used property rights approach to conserving the environment is private conservation easements. Gerald Korngold discusses the benefits of this policy and proposes methods to mediate some of...