Question

read the paragraph and write your opinion Encroachment​

Answer 1

Answer:

Opportunistic land encroachment, resulting from costly and incomplete enforcement of common land boundaries, is a problem in many less-developed countries. A multi-period model of such encroachment is presented in this paper. The model accounts explicitly for the cumulative effects of non-compliance of regulations designed to protect a finite, non-renewable resource . in this case common land . from private expropriation. Gradual evolution of property rights from common to private . the consequence of encroachment . is demonstrated to be an equilibrium. To prevent the complete loss of common land, full enforcement must be the rule rather than the exception.