Nirmal Sengupta (Madras Institute of Development Studies)
Abstract
Following rapid deterioration of renewable resources there has been growing interest in common property institutions. A crucial issue is whether CP organisations can also exist within markets or are only relics of past. This paper investigates that question from the perspective of new institutional theories. It is shown that certain problems which are used to question their viability are endemic to all kinds of organisations. Common property institutions have a limited but very significant role in certain spheres of modern society. The paper also investigates under what circumstances do they occur and what are their basic institutional characteristics?
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Article provided by Department of Economics, Delhi School of Economics in its journal Indian Economic Review.
Volume (Year): 30 (1995) Issue (Month): 2 (July) Pages: 187-201 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: D20 - Microeconomics - - Production and Organizations - - - General Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General