Institutions and Use of Natural Resources -- Institutions of Water Use for Irrigation in the Murray-Darling Basin -- Static Transaction Costs in Allocation of Water Resources -- Transaction Costs and Institutional Change -- Dynamic Transaction Costs and Option Values in Institutional Change -- Policy Analysis for Institutional Change
Summary
"Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of these structures with illustrative application to the allocation of water resources."--Jacket
