This book traces the development of the standard property rights over five kinds of natural resources--inland rivers, ocean fisheries, petroleum resources, gold and base metals, and forest resources--from classical times through to the 19th century. Completely private resources and those in the public (or Crown) lands are given equal attention and a simple supply-and-demand model is used to explain how property rights are altered over time. Including numerous case studies and examples, this book provides a unique insight ...
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This book traces the development of the standard property rights over five kinds of natural resources--inland rivers, ocean fisheries, petroleum resources, gold and base metals, and forest resources--from classical times through to the 19th century. Completely private resources and those in the public (or Crown) lands are given equal attention and a simple supply-and-demand model is used to explain how property rights are altered over time. Including numerous case studies and examples, this book provides a unique insight into the historical development of property rights and makes a special plea for the multiple-purpose and multi-owner management of resource rights.
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