The clear definition of property rights is not a sufficient condition to prevent congestion effects in commons. In this …

institutions devised to discourage it. The analytical framework used to explore the symmetric tragedies of the commons and the … and it can be discouraged by the introduction of competition among corrupt agents to turn it into a tragedy of the commons …

We study extinction in a commons problem in which agents have access to capital markets. When the commons grows more … quickly than the interest rate, multiple equilibria are found for intermediate commons endowments. In one of these, welfare … access instantly depletes the commons. Without markets - the classic environment - equilibria are unique; extinction dates …

depend on inheritance rules on the commons. Motivated by the traditional management of the commons in the Italian Alps, we … present a model that fits the evolution of property rights observed over six centuries. Women’s rights over the commons were …

community, qua private philanthropic foundations, they act as long-term investors. By analogy, they may be seen as «commons …

theory" and "Institutional economics" very harmful conceptual elements for political discourse. This article proposes to … paradigm in economics, the foundations of which were laid by John Commons, allows us to take another look at the institutions …