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2002, vol. 50, iss. 1-2, pp. 6-46
Property rights, the market order and the rule of law in protecting the environment
Poslovna škola Univerziteta u Griniču, London
This paper is concerned with the application of a property rights concept in the process of protecting the environment, and inter-relates it with the other policy solutions. Particular attention is devoted to private property rights and the Coasian theorem. The paper also indicates three main types of legal protection of the environment by using criminal, administrative and civil (tort) law instruments. Finally, the paper concludes that property rights alone cannot provide the best protection to the environment, but should be eclectically combined with other types of protection (pure legal protection, regulation, use of financial and fiscal instruments, etc).
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article language: Serbian
document type: Paper
published in SCIndeks: 02/06/2007

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