This paper argues that successful conservation of wetlands is fundamentally
determined by the institutions and property rights associated with resourc
e management decisions. Thus an understanding of property rights regimes, t
he constraints which they impose on users of wetlands resources, and the di
stribution of benefits of use among users and non-users are essential if th
e economic values of wetland ecosystems and functions are to be realised. W
e outline relevant theoretical perspectives on property rights and the sust
ainable utilisation of natural resources. We argue that wetland resources t
end to have unique property rights regimes due to their ecological characte
ristics, namely, their multiple-resource characteristics, the indivisible n
ature of these resources, and the seasonal and cyclical nature of different
wetland resource components. Case studies of property rights regimes in In
donesia and Vietnam are presented. These show that wetland resources are of
ten managed as common pool resources, and that state appropriation of resou
rces or the imposition of private property rights can contribute to unsusta
inable utilisation or conversion of wetlands to other uses. (C) 2000 Elsevi
er Science B.V. All rights reserved.