Inefficiency and common property regimes
AbstractMuch of the literature on the commons focuses on the fact that many agents are assigned usage rights simultaneously, but less attention has been paid to the exercise of exclusion rights. The simultaneous exercise of one of the two rights by all the owners of a common causes a problem of overexploitation in the first case (competition "in use") and underuse in the second (competition "in exclusion"). The relevance of both inefficiencies stems from the way they illustrate the general conflict between individual and collective interests. This paper proposes a formal synthesis of the problems of inefficiency associated with the exploitation of resources in common property regimes. The synthesis takes into account the following features: i) the importance of the consumer surplus for the analysis of the issue; ii) the attitude of economic agents in the face of a reciprocal externality linked to the exploitation of the common; and iii) the social and the private costs of exploitation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 68 (2009)
Issue (Month): 6 (April)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolecon
Commons Anticommons Overexploitation Underutilization Natural resources Common property;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bromley, Daniel W., 1995. "Property rights and natural resource damage assessments," Ecological Economics, Elsevier, vol. 14(2), pages 129-135, August.
- Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63, pages 116.
- Parisi, Francesco & Schulz, Norbert & Depoorter, Ben, 2005. "Duality in Property: Commons and Anticommons," International Review of Law and Economics, Elsevier, vol. 25(4), pages 578-591, December.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
- Daniel Bromley, 1992. "The commons, common property, and environmental policy," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(1), pages 1-17, January.
- Buchanan, James M & Yoon, Yong J, 2000. "Symmetric Tragedies: Commons and Anticommons," Journal of Law and Economics, University of Chicago Press, vol. 43(1), pages 1-13, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If references are entirely missing, you can add them using this form.