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

dc.contributor.authorSwanson, Timothy
dc.date.accessioned2009-10-23T16:29:18Z
dc.date.available2009-10-23T16:29:18Z
dc.date.issued2007en_US
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.identifier.citationjournalInternational Review of Environmental and Resource Economicsen_US
dc.identifier.citationmonthJanuaryen_US
dc.identifier.citationnumber1en_US
dc.identifier.citationpages111-150en_US
dc.identifier.citationvolume1en_US
dc.identifier.urihttps://hdl.handle.net/10535/5076
dc.languageEnglishen_US
dc.subjecttragedy of the commonsen_US
dc.subjectrent seekingen_US
dc.subjectresource managementen_US
dc.subjectcorruptionen_US
dc.subjectgovernance and politics--theoryen_US
dc.subject.sectorTheoryen_US
dc.titleRe-telling the Tale of the Commons: A Tale of Rent Seeking, Corruption, Stockpiling and (Even) Tragedyen_US
dc.typeJournal Articleen_US
dc.type.methodologyCase Studyen_US
dc.type.publishedunpublisheden_US

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