Common Property Economics

In this book the conditions for common property to overcome the difficulties of open access are examined.

Zusammenfassung
Group use of natural resources has often received the blame for overexploitation and mismanagement, whether of fisheries, grazing land, oil and gas pools, groundwater, or wildlife. In this book two types of group use are identified: open access and utilization without any controls on extraction rates, a situation in which resource overexploitation often occurs.

Inhalt
List of tables and figures; Preface; 1. What is common property?; 2. Open access theory; 3. Common property; 4. The Swiss grazing commons; 5. Comparisons with the English open field system; 6. An econometric comparison of commons and private grazing; 7. The structure and performance of common property: conclusions; References; Index.

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