OPTIMAL ENFORCEMENT OF PROPERTY-RIGHTS ON DEVELOPING-COUNTRY FORESTS SUBJECT TO ILLEGAL LOGGING

Developing country forests are typically subject to inadequate propert y rights enforcement. These resources convey beneficial externalities and redistribute income to rural poor so that privatization may be ina ppropriate. What is the optimal forest-property-rights-management regi me and the optimal dynamic schedule of enforcement spending?. These is sues are examined in centralised and decentralised settings where 'rat ional-myopic' poachers confront forest protection authorities. The rol es of penalties and judicial systems are discussed as well as the effi ciency arguments for community forestry.