Book contents
- Where’s Coase?
- Ronald Coase Institute Series on New Institutional Economics
- Where’s Coase?
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- 1The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions
- 2Economic Property Rights and Markets or Rent-Seeking
- 3Economic Property Rights
- 4Transaction Cost Reduction or Rent-Seeking in Provision of a Public Good
- 5Rent-Seeking, Economic Property Rights, and Coasean Trade
- 6Rent-Seeking in Protecting At-Risk Species
- 7What Have We Learned from the Absence of Coase?
- Index
3 - Economic Property Rights
Adoption Worldwide and in US Environmental and Natural Resource Policy
Published online by Cambridge University Press: 27 February 2026
Book contents
- Where’s Coase?
- Ronald Coase Institute Series on New Institutional Economics
- Where’s Coase?
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- 1The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions
- 2Economic Property Rights and Markets or Rent-Seeking
- 3Economic Property Rights
- 4Transaction Cost Reduction or Rent-Seeking in Provision of a Public Good
- 5Rent-Seeking, Economic Property Rights, and Coasean Trade
- 6Rent-Seeking in Protecting At-Risk Species
- 7What Have We Learned from the Absence of Coase?
- Index
Summary
Economic property rights and markets bring transaction costs efficiencies for firms, for the economy, and for addressing environmental externalities. These institutions redirect assets, promote investment, encourage search for new opportunities, enhance efficiency, inspire new organizational forms, and generally produce long-term welfare improvements. Even so, their adoption worldwide and in the Clean Water Act is limited.
Information
- Type
- Chapter
- Information
- Where's Coase?The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions, pp. 45 - 62Publisher: Cambridge University PressPrint publication year: 2026
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