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The Future of the Commons: Beyond Market Failure and Government Regulation

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Type: Book
Author: Ostrom, Elinor; Chang, Christina; Pennington, Mark; Tarko, Vlad
Publisher: Institute of Economic Affairs
Location: London
Date: 2012
URI: https://hdl.handle.net/10535/8828
Sector: General & Multiple Resources
Subject(s): commons
resource management
common pool resources
Abstract: "Traditional economic models of how to manage environmental problems relating to renewable natural resources, such as fisheries, have tended to recommend either government regulation or privatisation and the explicit definition of property rights. These traditional models ignore the practical reality of natural resource management. Many communities are able to spontaneously develop their own approaches to managing such common-pool resources."

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