Abstract
Cole, Daniel H., and Elinor Ostrom, eds. 2012. Property in Land and Other Resources. Cambridge, MA: Lincoln Institute of Land Policy.
Highlights
Through its 472 pages it takes the reader to the research frontier on 15 topics organised by 6 headings: Property Systems, The California Gold Rush, Air, Wildlife, Land and Water, and Global Commons Issues
The California Gold Rush has been used as a case showing how property rights emerge when needed
Dolšak continues by considering the efficacy of various systems of tradable permits to air pollution trying to determine which factors contribute to a well performing tradable permit market system
Summary
The California Gold Rush has been used as a case showing how property rights emerge when needed. Through its 472 pages it takes the reader to the research frontier on 15 topics organised by 6 headings: Property Systems, The California Gold Rush, Air, Wildlife, Land and Water, and Global Commons Issues. The first section on property systems starts with Eggertsson’s survey of some theoretical issues in the theory of how property rights institutions evolve or change.
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