Common property resource management, Microeconomics

Common Property Resource Management

Common property resource means a good or service shared by a well-defined community. The community controls the use of such resource by individuals. However, enforcement is weak due to difficulties in monitoring. For example, water in a village pond, which is a common property resource, is used by the villagers only. The village as a community decides upon the manner and the purpose for which the pond water can be used, which results in a set of norms, evolved over time, and largely unwritten.  In case of a breach of the norms, however, imposition of penalty is poorly enforced due to poor monitoring, subjectivity in the norms and ambiguities in property rights.

The common property regime for managing natural resources is frequently misunderstood. It is often observed as a situation in which there is no management regime in place; as a situation of open access, which is free for all. Accordingly resource  degradation  in  the developing countries  is  incorrectly attributed to 'common property systems', whereas  it actually originates  in  the dissolution  of local level institutional arrangements. Therefore, there is a need to properly understand the common property resources and its management systems as these have direct bearing on the sustainable development of natural resources.

 

Posted Date: 12/17/2012 11:48:23 PM | Location : United States







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

Write discussion on Common property resource management
Your posts are moderated
Related Questions
a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000

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

Black or underground or illegal economy: Black or underground or illegal economy has to be conceptualised as an integral and growing part of a variety of economies which emerg

a severe restriction occurs to the availability of consumer credit throughout the banking and finance system

My current car gets 10 miles to the gallon and no resale value, but it will last 5 years for sure. I can always buy a new car for 8000 dollars that gets 20 miles to the gallon. A g

Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore


Money facilitates market activities and is essential in complex market systems.  With money people can avoid the problems  associated with coincidence of wants.  Between, these pro

please can you explainn what "down 0.1 percentage point on the quarter means"?

How did fixed exchange rates and the Golden Standard affect the U.S. economy as well as other countries.