The Concept of the Property-right Hierarchy: the Case of Natural Resources

Authors

  • Надежда Викторовна Пахомова St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation https://orcid.org/0000-0002-9585-3385

Abstract

The article deals with the research and applied interdependence between the development of the institutional analysis, especially property-right theory, and the natural resources domain. Taking into account some historical stages of this development the main attention in the article is paid on the modern state of such rather fruitful interconnection. Among different branches and directions of the institutional theory the author concentrates on the property rights and their modernizations under ecological and natural resources challenge. The author analyses the problems of the property-right hierarchy, «nested» institutions, the foundations of alternative institutional structures and their choice with the help of transaction cost criteria. All these problems are estimated as having significant importance for the modern Russian situation.

Keywords:

property-right theory, property rights

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Author Biography

Надежда Викторовна Пахомова, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

доктор экономических наук, профессор

References

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Translation of references in Russian into English

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Published

2005-06-01

How to Cite

Пахомова, Н. В. (2005). The Concept of the Property-right Hierarchy: the Case of Natural Resources. St Petersburg University Journal of Economic Studies, (2), 3–17. Retrieved from https://economicsjournal.spbu.ru/article/view/3646

Issue

No. 2 (2005)

Section

Economic theory in historical development

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.

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