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Abstract:
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"In analyzing common property resources a distinction that proves to be very useful in analysis is the difference between the resource from which units are withdrawn, and the flow of units themselves. In a coastal fishery, for example, the fishing ground is the resource and the fish are the flow of units withdrawn. Different sets of rights and duties are frequently developed in relation to the resource itself and to the flow of units through it. In the case of a resource, individuals or collectivities define property rights such as access, withdrawal, and exclusion, which set the stage for the development of rights in the flow of units. In the case of coastal fisheries, these rights of flow often take the form of rights to withdraw fish at particular spots within the resource, rights to a specific number or proportion of fish, or rights to withdraw fish during specific seasons. In other words, property rights to the resource define individuals' rights to the resource as against the rest of the world, whereas rights to the flow of units define the rights of individual appropriators to the flow as against other appropriators within the same resource."
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