Summary of common property resource management , Microeconomics

Summary of Common Property Resource Management

In Common Property Resource Management, we discussed some basic concepts such as common property regime, private property regime, state property regime, and open access or no property regime. We also discussed the problem of common property resources and the alternative techniques of management of common property resources.

The management of common property resources through two extreme types of institutions, viz., private and state does not emerge as appropriate solution where overexploitation is underway. Private property may be problematic both from equity and efficiency point of view, while the state resource management or any centralised mode of resource management suffers from serious information gaps and the problem of conflict resolution. Collective management or community-based management, on the other hand, emerges as the appropriate solution to the problem of commons basically because of two factors. One, there has been in-depth field studies pointing to the considerable collective action potential of rural communities.

Two, non-cooperative game theory has shown that cooperation is a possible outcome in such communities, especially so if they are small and interactions among group users are frequent.

 

Posted Date: 12/18/2012 12:51:58 AM | Location : United States







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

Write discussion on Summary of common property resource management
Your posts are moderated
Related Questions
Q. Explain about Employment Rate? Employment Rate: This measures share of working age adults who are in fact employed in a paying position. Employment rate can be a better in

. Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product

Export Entrepreneurship: This need be developed by providing necessary facilities and making export an attractive and profitable business proposition. In this connection, it


What is meant by labor force?    In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above


construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice

CRITIQUE OF ECONOMIC REFORMS: The critique of economic reforms should consider the actual growth rate achieved, its impact on employment and poverty reduction, its impact on l

-1- ASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100.0

WHAT ARE THE COMPONENT OF ECONOMICS