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Re-telling the Tale of the Commons: A Tale of Rent Seeking, Corruption, Stockpiling and (Even) Tragedy

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dc.contributor.author Swanson, Timothy
dc.date.accessioned 2009-10-23T16:29:18Z
dc.date.available 2009-10-23T16:29:18Z
dc.date.issued 2007 en_US
dc.identifier.uri https://hdl.handle.net/10535/5076
dc.description.abstract "The tale of the tragedy of the commons is re-told as a problem of vertical governance rather than a problem of horizontal contracting. States make the fundamental determination concerning the amount of management conferred upon resources within their territories, and the groups using these resources are substantially constrained by this prior determination. In particular, it is demonstrated that it is unlikely that institutions might arise endogenously at the user level, when the state has abrogated its responsibility to generate them at the sovereign level. States make the decision to pursue something other than first-best management because institutions require investment and as such must compete against other such investments within the economy. This results in a distinct form of the tragedy of the commons, in which other agents attempt to enter and to exploit the vacated governance positions abrogated by the state, resulting in problems of corruption, waste, and worse." en_US
dc.language English en_US
dc.subject tragedy of the commons en_US
dc.subject rent seeking en_US
dc.subject resource management en_US
dc.subject corruption en_US
dc.subject governance and politics--theory en_US
dc.title Re-telling the Tale of the Commons: A Tale of Rent Seeking, Corruption, Stockpiling and (Even) Tragedy en_US
dc.type Journal Article en_US
dc.type.published unpublished en_US
dc.type.methodology Case Study en_US
dc.subject.sector Theory en_US
dc.identifier.citationjournal International Review of Environmental and Resource Economics en_US
dc.identifier.citationvolume 1 en_US
dc.identifier.citationpages 111-150 en_US
dc.identifier.citationnumber 1 en_US
dc.identifier.citationmonth January en_US

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