Property rights and contractual approach to sustainable development

被引:1
|
作者
Yu B.T. [1 ]
Shaw D. [2 ,3 ]
Fu T.-T. [2 ]
Lai L.W.C. [4 ]
机构
[1] Department of Economics, California State University, Northridge, 91324, CA
[2] Institute of Economics, Academia Sinica, Nankang, Taipei
[3] Institute of Natural Resource Management, National Taipei University, Taipei
[4] Department of Surveying, University of Hong Kong
关键词
Coase theorem; Property rights and contractual approach; Resource entitlements; Schumpeterian process; Sustainable development;
D O I
10.1007/BF03354042
中图分类号
学科分类号
摘要
Sustainable development is argued to exist in weak and strong versions. Although the use of a property rights and contractual approach has been well understood in the case of weak sustainable development, the approach has been virtually ignored in the strong version. This paper formulates a property rights and contractual approach for the strong version of sustainable development. By reference to an analytical model and examples from Hong Kong and Taiwan, a Schumpeterian process and the institution of resource entitlements are shown to be the necessary ingredients to promote the strong version of sustainable development. © 1999, Springer Japan.
引用
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页码:291 / 309
页数:18
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