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Reappraising Common Property Institutions

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dc.contributor.author Sengupta, Nirmal en_US
dc.date.accessioned 2009-07-31T15:11:00Z
dc.date.available 2009-07-31T15:11:00Z
dc.date.issued 1993 en_US
dc.date.submitted 2008-11-24 en_US
dc.date.submitted 2008-11-24 en_US
dc.identifier.uri https://hdl.handle.net/10535/3958
dc.description.abstract "'Common pool resources''common property regimes', 'collective actions'-the propriety of such terms has already been established. not so clear is the concept of institutions and organisations with respect to CPR. Current developments demand that this distinction be made thoroughly. For quite some time several concepts of 'institutions were in use. To the property rights theorists institutions were synonymous to implicit and invisible rules. Whole analyzing the visible firms Williamson understood institutions as governance structures. North and Thomas had admitted both types of understandings, by differentiating 'institutional environment' from 'institutional arrangement.' In his recent book, however, North changed the terms calling only the former 'institutions' and the latter 'organisations'. This definition of institutions includes rules, norms of behavior, and the way they are enforced. Organisations are firms, trade unions, political bodies. IASCP seems to have been subscribing to this terminology. Scopes of confusion however, are still there. For example, Elinor Ostrom named her book 'Governing the Commons'--resembling Williamsons' typology. it was followed by a subtitle 'Institutions for Collective Action'. Does it mean that proper terms will be 'common property (pool) organization' and 'institutional collectives?'" en_US
dc.subject institutions en_US
dc.subject common pool resources--theory en_US
dc.subject norms en_US
dc.subject Ostrom, Elinor en_US
dc.subject bounded rationality en_US
dc.subject design principles en_US
dc.subject monitoring and sanctioning en_US
dc.title Reappraising Common Property Institutions en_US
dc.type Working Paper en_US
dc.subject.sector Theory en_US

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