PROPERTY INSTITUTIONS AND ENVIRONMENTAL IMPROVEMENT
研究了以保护、休闲和娱乐信托形式存在的公共利益需求群体土地所有权如何为土地管理决策中考虑土地利用的外部收益提供激励。
Pressures to limit levels of agricultural production create opportunities for the provision of new environmental benefits from rural land. However, the public good characteristics of these benefits mean that they are unlikely to be provided by conventional profit‐maximising firms. This paper examines the role of land ownership by public interest demand groups in the form of Conservation Amenity and Recreation Trusts. This form of ownership can establish incentives for the consideration of the external benefits of land use in land management decisions.