Exam (elaborations)
NR 435 Final questions and answers 2025.
- Course
- Institution
NR 435 Final questions and answers 2025.
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NR 435 Final questions andanswers 2025
Institution - answer Cluster of rights, rules, and decision making
procedures that give rise to social practices, assign roles to those
participants, and governs interactions among occupants in these roles
(special or general purpose)
Environmental Institution - answer An environmental or resource regime -
the special purpose institution that governs human activities related to
the use of natural resources
Organizations - answer Material entities that have personnel, offices,
budgets, equipment, and (often) a legal personality
Property Rights - answer Thought of as a bundle of rights, including
possessory rights, use rights, exclusion rights, and disposition rights
Possessory Rights - answer The right to own the property regardless of
use and reap the benefits from uses others may make of the property
Use Rights - answer Right to use the property as desired
Disposition Rights - answer Right to dispose of land, or other items that
can be construed as property, in whatever manner desired (transfer, sell,
donate, etc.)
Institutional Arangement - answer Provides the configurations of rights
and describing the "rules of the game"
Common Property - answer Bundle of rights belongs to a group of people
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