Property Rights and Natural Resource Management Incentives: Do Transferability and Formality Matter
This article examines how property rights expectations affect resource management incentives. It utilizes expected property rights over different timespans and of different strengths, corresponding to (a) investments of different intensities and (b) farmers' sense of security regarding their often de facto property rights. The results suggest that property rights and their alienability in ten-year time matter to intensive infrastructural investments, although not to lighter investments.