The aim of this paper is to analyze the impact of poorly defined property rights on tropical deforestation due to logging activities. We develop two-period and long term frameworks. The short term model analyzes the impact of non-transferability of logging title on deforestation while the long term one examines the influence of rapid expiration of logging title on this environmental issue. We show that the non-transferability and the rapid expiration of logging contracts worsen tropical deforestation.
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