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
Document Design It refers to the overall "look" and design rather than the content of a document. Specific elements such as white space, limited paragraph indentations, length

Ask question how do I find the Price

Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec


Strategic Planning for Enhancing Exports: Strategic Planning for Enhancing Exports need to be undertaken at the national level. It is necessary  to undertake a separate and

Neoclassical economics is dominant approach to economics currently taught and practiced in most of the world (and particularly dominant in Anglo-Saxon countries). It attempts to ex

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

The End of the Malthusian Age We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies a

Define the concept of cross elasticity of demand