Contracting for Control of Landscape-Level Resources
43 Pages Posted: 4 May 2015
Date Written: May 3, 2015
Environmental governance increasingly focuses on public-private partnerships. We focus on contracting as a subset of the role of private actors governing landscape-level resources — such as wildlife habitats, scenic vistas, and firescapes — that exceed individual parcel sizes and are thus difficult for individual landowners to control unilaterally. Numerous contractual arrangements have emerged to exert coordinated control over landscape-level resources. We hypothesize that variations in laws and transaction costs, which are controlled largely by the homogeneity of landowner preferences across fragmented parcels, drive private control of landscape-level resources. In the absence of effective private control, government agencies may assume control of the landscape-level resources. A series of case studies discusses how law shapes the conditions that favor private contracting regimes of landscape-level resources, which highlight broader themes of law as a catalyst for new governance.
Keywords: Law and Economics, Environmental Law, Natural Resources
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