Contractual regulation of property rights: a model for avoiding environmental conflicts?
2012
Wagner, St., RA-Kanzlei Riethmueller + Dr. Wagner, Augsburg (Germany)
The article presents The problem of social cost by Coase within the current legal context. It illustrates the challenges, which the purely market-oriented solution to environmental conflicts is confronted with. Thereafter, it outlines the application area of the solutions bound by contracts in nature conservation legislation, hunting and forest law.
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