Common property regime , Microeconomics

Common Property Regime

Common property is the property on which well-defined collective claims by an exclusive group are established, the use of the resource is subtractive, having the characteristic of a public good such as indivisibility. The common property resource has two distinct features. First, it has the nature of a public good, which is the physical and intrinsic character of the resource. Second, it should have an association with a community or user group in a specific way, namely with collective claims.

Further, CPR, in principle, has three basic characteristics.  First, a well-defined group or community has to have exclusive rights on the use of the resource. Second, there is the non-excludability condition that no member of that community can be excluded from the use of the resource. However, no single individual in the group has any exclusive property rights on those resources either. Nor does any outsider member have any rights. Third, the use of the resource is subtractive in the sense that use of it by any user would reduce access and the welfare of other members in the group.

 

Posted Date: 12/18/2012 12:02:12 AM | Location : United States







Related Discussions:- Common property regime , Assignment Help, Ask Question on Common property regime , Get Answer, Expert's Help, Common property regime Discussions

Write discussion on Common property regime
Your posts are moderated
Related Questions
discuss the problems of measuring productivity in actual work situations. how might productivity be measured for each of the following industries: education, government and manufac

1-      a-  What are the five components of a time series? b- Briefly explain how you would estimate each component. c- What does deterministc trend mean?  How do you detren

Why is high unemployment considered a bad thing? High unemployment means that a nation's resources are underutilized.  It also poses great psychological, economic, and social c

What is the marginal opportunity producing the first unit of paper? The marginal opportunity cost of producing the forth unit of paper?

use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag

Floating exchange rates There are two basic systems that can be used to determine the exchange rate between one country's currency and another's: a floating exchange rates (al

application of indifference curve analysis to the problem of exchange

Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and

a) The four-firm concentration ratios for the following industries have been found from the Economic Census for Manufacturing (NAICS 31-33) as follows. The four-firm concentration

Definition of oxidation number... Oxidation number is a charge of central atom appears to keep if all of the ligands are removed along with the electron pairs which are shared wit