The problem of the commons is more important to our lives and thus more central to economics than a century ago when …, particularly for common-property and open-access resources. The focus of this article is on some important, unsettled problems of … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …

We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves … the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an … overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …

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 …. To test whether the security of these property rights affects asset values, we compile a unique dataset to examine the …

agreement that production constraints are needed. Transaction costs encountered in assigning property rights are an explanation …, institutions allow unconstrained pumping, while an additional 105 basins have weak management plans. Twenty of these basins are … severely overdrafted. Meanwhile, users in 31 basins have defined groundwater property rights, the most complete solution. We …

We revisit the effect of the “Eco-Patent Commons” (EcoPC) on the diffusion of patented environmentally friendly … patents covering 94 “green” inventions. Hall and Helmers (2013) suggested that the patents pledged to the commons had the … commons did not increase the diffusion of pledged inventions, and that the EcoPC suffered from several structural and …

-parametric tests of behavior consistent with the tragedy of the commons model. Our approach derives testable implications of such … to panel data of Norwegian fishers, we find evidence rejecting the tragedy of the commons model. Significantly, we find … that rejection rates of the model increase after property rights reforms moved the fishery away from the tragedy of the …

' that weak resource management standards confer a competitive advantage on domestic firms in the resource sector but cause …

We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is … how changes in world prices can move some countries from de facto open access situations to ones where management … at any world price, have zero rents and suffer from the tragedy of the commons. Ostrom economies exhibit de facto open …