Natural resource policies and management practices often focus on addressing “spillover” effects of one person’s actions on other people. For example, we discussed how logging practices might impact the livelihood of salmon fishermen in the Pacific Northwest of the United States. A situation where logging results in erosion with consequential reduction in water quality and adverse effects on both recreational and commercial fishing. We have considered the issue of how one farmer’s use of water from the Ogallala aquifer effects other users of the aquifer. Property rights arrangements will dictate the extent to which these interactions persist and perhaps continue to degrade the resource, but so will the individual perceptions of the costs associated with the resource use. In many of these situations, the private costs diverge significantly
Question #4: Natural resource policies and management practices often focus on addressing “spillover” effects of one person’s actions on other people. For example, we discussed how logging practices might impact the livelihood of salmon fishermen in the Pacific Northwest of the United States. A situation where logging results in erosion with consequential reduction in water quality and adverse effects on both recreational and commercial fishing. We have considered the issue of how one farmer’s use of water from the Ogallala aquifer effects other users of the aquifer. Property rights arrangements will dictate the extent to which these interactions persist and perhaps continue to degrade the resource, but so will the individual perceptions of the costs associated with the resource use. In many of these situations, the private costs diverge significantly from the
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