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Mathias Iwanowsky, Stockholm University Print
Friday, 26 May 2017, 12:15 - 13:15

Mathias Iwanowsky, Stockholm University

Allocating Property Rights. Evidence from the Taylor Grazing Act 

Abstract: The Tragedy of the Commons predicts inefficient use of resources in the absence of defined property rights over common pool resources. Additionally, farm values do not internalize the expected output from common pool resources leading to a loss for selling farmers. One proposed solution is to centralize management of common pool resources. However, this practice fails when contracts are not enforceable, farmers cannot be excluded or quotas are set too high. Further, we have little to no empirical evidence on the consequences of changing property rights regimes for common pool resources. In this study, I use novel satellite imagery to evaluate the impact of the Taylor Grazing Act on land degradation, which restricted access to common pool resources in nine states, orthogonal to the interests of farmers. Granting farmers contractual grazing rights was a wealth transfer to farmers, which lead to larger, more wealthy farms today.  


Location: R42.2.113
Contact: Nancy De Munck - This e-mail address is being protected from spam bots, you need JavaScript enabled to view it