Literature Review on the Economics of Common Property Resources: Review of Common Pool Resource Management in Tanzania

Abstract

"This review focuses on the economics of managing common pool resources in common property regimes, in particular the limitations imposed by transactions costs. The review discusses the relationship between poverty and property rights in natural resource management, and then more specifically considers the case of regimes where property rights have not been assigned (open access), and when common property rights are used. In conclusion, the influence of transactions costs on governance structure is considered and some empirical studies that have attempted to quantify transactions costs are briefly reviewed."