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Elephants
Kremer, Michael; Morcom, Charles - 2022
Existing models of open-access resources are applicable to non-storable resources, such as fish. Many open-access resources, however, are used to produce storable goods. Elephants, rhinos, and tigers are three prominent examples. Anticipated future scarcity of these resources will increase...
Persistent link: https://www.econbiz.de/10014106205
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Overcoming the Common Pool Problem Through Voluntary Cooperation : The Rise and Fall of a Fishery Cooperative
Deacon, Robert - 2010
overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
Persistent link: https://www.econbiz.de/10013138469
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The Value of Secure Property Rights : Evidence from Global Fisheries
Grainger, Corbett A. - 2011
Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotas (ITQs) varies widely; the consequences of...
Persistent link: https://www.econbiz.de/10013125578
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State Versus Private Ownership
Shleifer, Andrei - 2021
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...
Persistent link: https://www.econbiz.de/10013239155
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Trade, Tragedy, and the Commons
Copeland, Brian R.; Taylor, M. Scott - 2021
We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is … at any world price, have zero rents and suffer from the tragedy of the commons. Ostrom economies exhibit de facto open …
Persistent link: https://www.econbiz.de/10013247854
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Bridging vs. Bonding Social Capital and the Management of Common Pool Resources
Baylis, Kathy - 2013
Social capital can facilitate community governance, but not all social capital is alike. We distinguish bonding social capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of a common pool resource. We develop a theoretical...
Persistent link: https://www.econbiz.de/10013079595
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Rationing the Commons
Ryan, Nicholas; Sudarshan, Anant - 2022
Common resources may be managed with inefficient policies for the sake of equity. We study how rationing the commons …
Persistent link: https://www.econbiz.de/10013308483
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The Problem of the Commons : Still Unsettled after 100 Years
Stavins, Robert N. - 2010
The problem of the commons is more important to our lives and thus more central to economics than a century ago when … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …. Critical commons problems are also associated with environmental quality. A key contribution of economics has been the …
Persistent link: https://www.econbiz.de/10013137614
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Games and Resources
Harstad, Bård - 2012
theory is the natural tool for such an analysis, whether the resource is private or publicly owned, whether it is renewable …
Persistent link: https://www.econbiz.de/10013098144
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How Transaction Costs Obstruct Collective Action : Evidence from California's Groundwater
Ayres, Andrew - 2017
Collective action to remedy the losses of open access to common-pool resources often is late and incomplete, extending rent dissipation. Examples include persistent over-exploitation of oil fields and ocean fisheries, despite general agreement that production constraints are needed. Transaction...
Persistent link: https://www.econbiz.de/10012956925