全球智库信息集成服务系统(G2TT): How Transaction Costs Obstruct Collective Action: Evidence from California\u2019s Groundwater

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23382
来源ID	Working Paper 23382
	How Transaction Costs Obstruct Collective Action: Evidence from California\u2019s Groundwater
	Andrew B. Ayres; Eric C. Edwards; Gary D. Libecap
发表日期	2017-05-08
出版年	2017
语种	英语
摘要	Collective action to remedy the losses of open access to common-pool resources often is late and incomplete, extending rent dissipation. Examples include persistent over-exploitation of oil fields and ocean fisheries, despite general agreement that production constraints are needed. Transaction costs encountered in assigning property rights are an explanation, but analysis of their role is limited by a lack of systematic data. We examine governance institutions in California’s 445 groundwater basins using a new dataset to identify factors that influence the adoption of extraction controls. In 309 basins, institutions allow unconstrained pumping, while an additional 105 basins have weak management plans. Twenty of these basins are severely overdrafted. Meanwhile, users in 31 basins have defined groundwater property rights, the most complete solution. We document the critical role of transaction costs in explaining this variation in responses. This research adds to the literatures on open access, transaction costs, bargaining, and property rights
主题	Other ; Law and Economics ; History ; Other History ; Economic Systems ; Environmental and Resource Economics ; Agriculture ; Renewable Resources ; Environment
URL	https://www.nber.org/papers/w23382
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581056
推荐引用方式 GB/T 7714	Andrew B. Ayres,Eric C. Edwards,Gary D. Libecap. How Transaction Costs Obstruct Collective Action: Evidence from California\u2019s Groundwater. 2017.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w23382.pdf（1166KB）	智库出版物		限制开放	CC BY-NC-SA	浏览