Chapter

The Property Rights School Solution: The Privatization Programme

Jean‐Marie Baland and Jean‐Philippe Platteau

in Halting Degradation of Natural Resources

Published in print March 2000 | ISBN: 9780198290612
Published online January 2005 | e-ISBN: 9780191601613 | DOI: http://dx.doi.org/10.1093/0198290616.003.0004
 The Property Rights School Solution: The Privatization Programme

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This chapter discusses the property rights school solution, which advocates the development of private property rights in a resource. It argues that private property rights do not necessarily promote efficiency due to the absence of markets for certain resources, and imperfect markets. The impact of a privatization programme on income distribution is examined.

Keywords: property rights school; privatization; private property rights; income distribution; market

Chapter.  7066 words.  Illustrated.

Subjects: Economic Development and Growth

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