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Managing Common Properties: Some Issues in Institutional Design

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Type: Conference Paper
Author: Gupta, Anil K.
Conference: Conference on Common Property Resource Management
Location: Annapolis, MD
Conf. Date: April 21-26, 1985
Date: 1985
URI: https://hdl.handle.net/10535/1358
Sector: Theory
Subject(s): common pool resources
property rights
institutional design
Abstract: "Designing institutions that co-ordinate expectations of different classes of rural producers in a manner in which income disparities are reduced; common property is better managed and infact rejuvenated (if possible); and redundancy for coping with uncertain contingencies are continually created; is indeed a tremendous challenge. Three major issues are discussed here. The concept of scarcity and its consequent effects on different classes are presented to answer the question: Who should bear what part of the loss for how long when supply of a basic resource is reduced. The unfortunate aspect of institutional innovations triggered by market forces is that they pass on the greatest part of burden on those who have least capacity of shoulder."

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