User rights,transaction costs,and the excessive exploitation of internationally shared natural resources |
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Authors: | Sefik Alp Bahadir |
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Institution: | Universit?t Erlangen‐Nürnberg , Bismarckstr. 8, Erlangen , 8520 , FRG |
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Abstract: | This paper explores the causes of the excessive exploitation and pollution of internationally shared natural resources (as compared to those owned privately or nationally), and gives a survey of the factors impeding effective international environmental regulations (vis‐à‐vis considerable progress at the national levels). Some policy implications of this dilemma are discussed within the Mediterranean context. |
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