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RESOURCE MANAGEMENT, SUSTAINABILITY AND PROPERTY RIGHTS IN NEW ZEALAND *
Author(s) -
Johnson R.W.M.
Publication year - 1992
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1992.tb00518.x
Subject(s) - externality , property rights , sustainability , legislature , resource management (computing) , resource (disambiguation) , business , environmental resource management , environmental planning , property (philosophy) , environmental economics , natural resource economics , land use , economics , law and economics , microeconomics , political science , engineering , geography , computer science , civil engineering , law , ecology , computer network , philosophy , epistemology , biology
Sustainable land management objectives in New Zealand have recently been redefined in the Resource Management Act 1991. The new legislative framework can be viewed in part as an adjustment in existing property rights to meet resource use externalities. An understanding of the structure and characteristics of property rights in land clarifies a number of issues in the area of economic efficiency and administrative practicality, and focusses on areas where appropriate solutions to externalities may be difficult to achieve.
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