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Eco-Sociology of Household Risk Adjustments and Commons: Performance in an Uncertain World

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Type: Working Paper
Author: Gupta, Anil K.
Date: 1990
Agency: Indian Institute of Management, Ahmedabad, India
URI: https://hdl.handle.net/10535/3649
Sector: Theory
Subject(s): common pool resources
Abstract: "The search for ethically responsible and scientifically precise alternatives for socially disadvantaged groups in high risk environment requires a multi disciplinary, multi market/multi institutional approach. Various groups of rural households diversify portfolios of their economic enterprises within a range defined by the ecological endowments. The access to factor and product markets, kinship networks, intra and inter household risk adjustments, public and private relief systems and finally common property resources or common pool institutions determines the composition and evolution of portfolios of different enterprises. There have been some studies on the role of commons in risk adjustment vis-a-vis private and open access resources. A coherent theoretical framework however, remains to be developed."

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