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Livelihoods and the Commons

In: The Environment in Economics and Development

Author

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  • Vikram Dayal

    (Institute of Economic Growth)

Abstract

Some public and microeconomics textbooks present Hardins’ Tragedy of the Commons and the Prisoner’s Dilemma Game and stop there, signaling the inevitable tragedy. However, a more satisfactory treatment by Wydick uses game theory to explain how the Prisoner’s Dilemma of the commons can be overcome. Somanathan et al.’s study of Van Panchayats is important both for its result (community management is more cost-effective than management by the forest department), and for its method (establishing causality carefully). Agricultural household models help us incorporate diverse linked production and consumption activities of the household related to biomass extraction. However, community attributes and ecology may have co-evolved historically, influencing patterns of biomass extraction.

Suggested Citation

  • Vikram Dayal, 2014. "Livelihoods and the Commons," SpringerBriefs in Economics, in: The Environment in Economics and Development, edition 127, chapter 0, pages 41-47, Springer.
    • Handle: RePEc:spr:spbchp:978-81-322-1671-1_4
    DOI: 10.1007/978-81-322-1671-1_4
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