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The Uncommon Insight of Elinor Ostrom

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  • Theodore C. Bergstrom

Abstract

Standard economic approaches to the problem of overuse of common property resources have emphasized two competing remedies: the Pigovian approach of corrective taxation, and the property rights approach of internalizing externalities by means of assigning marketable property rights to individual owners with exclusive claim on the entire commons. Elinor Ostrom pursues a third approach, which is based on case studies of existing communities that have established successful and durable systems of managing common property resources. This paper discusses her work and suggests that economists with an interest in public policy have much to gain from becoming familiar with the work of Ostrom and her co-authors. Copyright © The editors of the "Scandinavian Journal of Economics" 2010 .

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.

Volume (Year): 112 (2010)
Issue (Month): 2 (06)
Pages: 245-261

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Handle: RePEc:bla:scandj:v:112:y:2010:i:2:p:245-261

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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442

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Cited by:
  1. Driouchi, Ahmed & Malki, Karim, 2011. "Enterprise creation & anti-commons in developing economies: evidence from World Bank doing business data," MPRA Paper 32373, University Library of Munich, Germany, revised 22 Jul 2011.

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