Common property economics defines and clarifies the theoretical distinction between open access and common property and empirically tests the adequacy of resource allocation under common property and empirically tests the property in comparison with private property. Group use of natural resources has often received the blame for overexploitation and mismanagement, whether of fisheries, grazing land, oil and gas pools, groundwater, or wildlife. In this book two types of group use are identified: open access and utilization without any controls on extraction rates, a situation in which resource overexploitation often occurs. In contrast, common property refers to the situation where the group controls the access to and extraction rates of the resource. The common property solutions differ from those associated with open access. The nonoptimality of open access is demonstrated with graphic, game theoretic, and mathematical models. The necessary and sufficient conditions for common property to overcome the difficulties of open access are examined. Stevenson discusses historical examples, the basis in legal concepts, the contrast with public goods, the formation, and the stability of common property. In a detailed, empirical study of alpine grazing in Switzerland, the author compares the performance of common property with that of private property. He also notes the similarity in structure between the Swiss grazing commons and the English open field system.
Do you want to learn how to invest in rental properties?Have you been looking for a way to make your money work for you?Rental properties could be the opportunity you have been looking for. This book lays out an investment system that the author currently uses to make great profits. From analyzing markets to analyzing real estate deals, this book will prepare you to get started in investing in rental properties.What are you waiting for? Let's get started building your real estate empire today!
Intellectual property has rapidly become one of the most important, as well as most controversial, subjects in recent years amongst productive thinkers of many kinds all over the world. Scientific work and technological progress now depend largely on questions of who owns what, as do the success and profits of countless authors, artists, inventors, researchers and industrialists. Economic, legal and ethical issues play a central role in the increasingly complex balance between unilateral gains and universal benefits from the "knowledge society". Economics, Law and Intellectual Property explores the field in both depth and breadth through the latest views of leading experts in Europe and the United States. It provides a fundamental understanding of the problems and potential solutions, not only in doing practical business with ideas and innovations, but also on the level of institutions that influence such business. Addressing a range of readers from individual scholars to company managers and policy makers, it gives a unique perspective on current developments.
Whether one's problem is choosing a seat on public transport, acting passive with the opposite sex, or tiptoeing through the minefields of etiquette, this tongue-in-cheek funny guide to the hazards of Australian social life has just enough truth to keep one amused, and somewhat horrified right to the end.
An innovative guide that gives readers all the information they need to buy a property in Croatia or the Czech Republic. Every step of the process is covered, from organizing visas to drawing up contracts, with essential background on the different economies, climates, and facilities. Peppered with anecdotes and case studies, this guide also gives a unique, personal insight into moving to Croatia and the Czech Republic.
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