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The Challenge of the Commons: The Allocation of Nonexclusive Resources

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dc.contributor.author Magrath, William B.
dc.date.accessioned 2009-11-30T19:22:10Z
dc.date.available 2009-11-30T19:22:10Z
dc.date.issued 1989 en_US
dc.identifier.uri https://hdl.handle.net/10535/5232
dc.description.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." en_US
dc.language English en_US
dc.relation.ispartofseries Environment Department Working Paper, no. 14 en_US
dc.subject collective action en_US
dc.subject resource management en_US
dc.subject common pool resources en_US
dc.title The Challenge of the Commons: The Allocation of Nonexclusive Resources en_US
dc.type Working Paper en_US
dc.type.methodology Case Study en_US
dc.publisher.workingpaperseries World Bank, Washington, DC en_US
dc.subject.sector Theory en_US

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