The governance and transaction cost insights of Oliver Williamson (1975, 1985, 1996, 2010) and Ronald Coase (1937, 1992) have framed antitrust polices and firm management strategies. Transaction cost economics explain efficient governance adaptation. With a focus on private efficiency gains...

Open access, competitive exploitation can be incredibly damaging to valuable resources and the human populations that depend upon them. Even though wealth, resource rents and stocks are at stake, open access often seems to be ineffectively addressed across time and space. Institutions vary....

Non-target marine fish species and ocean ecosystems are increasingly valuable. Ongoing efforts to preserve them emphasize spatial controls on human entry and use via Marine Protected Areas (MPAs). They cover 7.6% of world oceans and aim for 30% by 2030 under the Convention for Biological...

"The purpose of this paper is to summarize some of the bargaining issues involved in collective action to address local common-pool problems and to illustrate them in three empirical cases. The importance of riming or the sequence of coalition building and the heterogeneity of the participant's...

"This paper provides new theoretical clarification and empirical evidence about relational contracts written for the exploitation of oil and gas reservoirs in the United States and Canada. To mitigate common pool losses, oil fields often are developed under unit operating agreements. These...