The Challenge of the Commons: The Allocation of Nonexclusive Resources

Found at: https://hdl.handle.net/10535/5232
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Type:	Working Paper
Author:	Magrath, William B.
Date:	1989
Agency:	World Bank, Washington, DC
Series:	Environment Department Working Paper, no. 14
URI:	https://hdl.handle.net/10535/5232
Sector:	Theory
Region:
Subject(s):	collective action resource management common pool resources
Abstract:	"This paper examines the forces that determine the allocation of resources which are not subject to completely private ownership, nonexclusive resources. The paper develops the distinction between common property, in which collective action controls resources use, and open access where individual decision making prevails. It is shown that open access regimes are inefficient, but that, although potentially unstable, common property regimes can generate satisfactory outcomes. Policy management of nonexclusive resources are reviewed from both theoretical and resources perspectives."

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