Property Rights Solutions for the Global Commons: Bottom-Up or Top-Down?

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Date

1999

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Abstract

"Environmental concerns often ignore geopolitical borders. Problems that previously were dealt with by one nation and its government now involve scores of nations and their governments. At one time, policymakers focused predominantly on local matters, where pollutants might simply cross the boundary of two neighbors backyards, or interstate problems, such as air and water pollution that could be handled within a nation or two. Now, however, policymakers are faced with international problems, such as the extinction of species, and global problems, such as ozone depletion and global warming."

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global commons, property rights, law--international, transaction costs

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