Common property regime , Microeconomics

Assignment Help:

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.

 


Related Discussions:- Common property regime

Concepts of economic development - economic growth, Normal 0 f...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Microeconomics, Consider the market for purple magic markers. The demand fo...

Consider the market for purple magic markers. The demand for purple magic markers is perfectly elastic and the supply is upward sloping. If sellers of purple magic markers are taxe

Narrowness of definition of the commodity, Question : (a) Explain why...

Question : (a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether c

Lambs lay a golden egg, Assume that the market for lamb is perfectly compet...

Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium

Manpower-population ratios, Manpower-Population Ratios In this techniq...

Manpower-Population Ratios In this technique, manpower will not be planned for the economy as a whole. It will be planned for sectors or sub-sectors of an economy. For instanc

Equilibrium price , determinate equilibrium price and quantity. if Qd=7-1/2...

determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2

Households and consumers, What is the difference between houehold and consu...

What is the difference between houehold and consumers?

Insurance market - full coverage insurance, There are two individuals in to...

There are two individuals in town, one is high risk and the other is low risk. 1 The probabilities of having an accident for the low risk individual and high risk individual are p

Managerial economics, what is budget line?show the shift in the budget line...

what is budget line?show the shift in the budget line

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd