A Century of Environmental Legislation

Brooks Kaiser, Louis Cain

Publikation: Konferencebidrag uden forlag/tidsskriftPaperForskningpeer review

Resumé

We examine federal intervention in natural resource use by analyzing roll-call votes over the past century. These votes involved decisions regarding public land that reallocated the returns to users by changing the asset’s physical character or its usage rights. We suggest that long term consequences affecting current resource allocations arose from disparities between broadly dispersed benefits and locally concentrated socio-economic and geo-physical (spatial) costs. We
show that a primary intent of public land management has become to preserve multiple-use option values and identify important factors in computing those option values. We do this by demonstrating how the willingness to forego current benefits for future ones depends on the community’s resource endowments. These endowments are defined not only in terms of users’
current wealth accumulation but also from their expected ability to extract utility from natural resources over time.
OriginalsprogEngelsk
Publikationsdato22. sep. 2014
Antal sider57
StatusUdgivet - 22. sep. 2014

Fingeraftryk

Option value
Natural resources
Environmental legislation
Endowments
Vote
Resource allocation
Multiple use
Resources
Land management
Costs
Resource use
Factors
Assets
Wealth accumulation
Socio-economics
Willingness

Citer dette

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A Century of Environmental Legislation. / Kaiser, Brooks; Cain, Louis.

2014.

Publikation: Konferencebidrag uden forlag/tidsskriftPaperForskningpeer review

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N2 - We examine federal intervention in natural resource use by analyzing roll-call votes over the past century. These votes involved decisions regarding public land that reallocated the returns to users by changing the asset’s physical character or its usage rights. We suggest that long term consequences affecting current resource allocations arose from disparities between broadly dispersed benefits and locally concentrated socio-economic and geo-physical (spatial) costs. We show that a primary intent of public land management has become to preserve multiple-use option values and identify important factors in computing those option values. We do this by demonstrating how the willingness to forego current benefits for future ones depends on the community’s resource endowments. These endowments are defined not only in terms of users’ current wealth accumulation but also from their expected ability to extract utility from natural resources over time.

AB - We examine federal intervention in natural resource use by analyzing roll-call votes over the past century. These votes involved decisions regarding public land that reallocated the returns to users by changing the asset’s physical character or its usage rights. We suggest that long term consequences affecting current resource allocations arose from disparities between broadly dispersed benefits and locally concentrated socio-economic and geo-physical (spatial) costs. We show that a primary intent of public land management has become to preserve multiple-use option values and identify important factors in computing those option values. We do this by demonstrating how the willingness to forego current benefits for future ones depends on the community’s resource endowments. These endowments are defined not only in terms of users’ current wealth accumulation but also from their expected ability to extract utility from natural resources over time.

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KW - Environmental History

KW - Environmental Legislation

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