IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y2018i4p124-143.html
   My bibliography  Save this article

Common-pool resource management: a new institutional economics perspective

Author

Listed:
  • Alexandra Mirchevska

Abstract

The current paper introduces the theoretical approach of Common-pool resource management (CPRM). The paper summarizes the two dominant theoretical paradigms of CPRM theory – the traditional game-theoretic model, on one hand, and the new institutionalist approach mostly associated with the work of Elinor Ostrom, on the other. Through a theoretical comparison between the centralized and decentralized approaches to CPRM a focus on the main property rights distribution dilemma is provided. The paper provides a description of the role of internalization of externalities in achieving an efficient CPR management regime. The presented framework is transferred to the context of international common-pool resource management.

Suggested Citation

  • Alexandra Mirchevska, 2018. "Common-pool resource management: a new institutional economics perspective," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 124-143.
  • Handle: RePEc:bas:econth:y:2018:i:4:p:124-143
    as

    Download full text from publisher

    File URL: https://etj.iki.bas.bg/storage/app/uploads/public/62a/04f/fee/62a04ffee39ee163115666.pdf
    Download Restriction: Fee access (Bulgarian)
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Thráinn Eggertsson, 2010. "In the woods: darkness at noon or Sunday in the park with Lin?," Public Choice, Springer, vol. 143(3), pages 275-282, June.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Wirl, Franz, 1996. "Can Leviathan Governments Mitigate the Tragedy of the Commons?," Public Choice, Springer, vol. 87(3-4), pages 363-377, June.
    4. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    5. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, October.
    6. Holt, Carrie A. & Rutherford, Murray B. & Peterman, Randall M., 2008. "International cooperation among nation-states of the North Pacific Ocean on the problem of competition among salmon for a common pool of prey resources," Marine Policy, Elsevier, vol. 32(4), pages 607-617, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harris,Colin & Cai,Meina & Murtazashvili,Ilia & Murtazashvili,Jennifer Brick, 2020. "The Origins and Consequences of Property Rights," Cambridge Books, Cambridge University Press, number 9781108969055, October.
    2. Helder Marcos Freitas Pereira & Maria Sylvia Macchione Saes, 2022. "Government Support and Institutions’ Intermediation throughout Companies’ Adaptation to the COVID-19 Crisis," Sustainability, MDPI, vol. 14(9), pages 1-16, May.
    3. Kim, Jongwook & Mahoney, Joseph T., 2008. "A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach," Working Papers 08-0108, University of Illinois at Urbana-Champaign, College of Business.
    4. Richard Langlois, 2013. "The Institutional Revolution: A review essay," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(4), pages 383-395, December.
    5. Caballero-Miguez, Gonzalo & Fernández-González, Raquel, 2015. "Institutional analysis, allocation of liabilities and third-party enforcement via courts: The case of the Prestige oil spill," Marine Policy, Elsevier, vol. 55(C), pages 90-101.
    6. Seth W. Norton, 2003. "Economic Institutions and Human Well-Being: A Cross-National Analysis," Eastern Economic Journal, Eastern Economic Association, vol. 29(1), pages 23-40, Winter.
    7. Yochanan Shachmurove, 2012. "Failing Institutions Are at the Core of the U.S. Financial Crisis," PIER Working Paper Archive 12-040, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    8. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.
    9. Gennady Bilych, 2013. "Democratic Changes and Economic Growth," Business and Economic Research, Macrothink Institute, vol. 3(1), pages 461-486, June.
    10. Silvia Sacchetti, 2015. "Inclusive and Exclusive Social Preferences: A Deweyan Framework to Explain Governance Heterogeneity," Journal of Business Ethics, Springer, vol. 126(3), pages 473-485, February.
    11. Pietro Andrea Podda, 2016. "The impact of Institutional Distance on FDI inflows in the Czech Republic," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2016(1), pages 3-14.
    12. Mueller, Bernardo, 2018. "Property Rights Implications for the Brazilian Forest Code," Revista de Economia e Sociologia Rural (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 56(2), January.
    13. Rui Wang & Qianmao Zhu & Matthew Noellert, 2024. "Weak central government, strong legal rights: the origins of divergent legal institutions in 18th-century Chinese and Japanese rice markets," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    14. Alvarez-Diaz, Marcos & Caballero Miguez, Gonzalo, 2008. "The quality of institutions: A genetic programming approach," Economic Modelling, Elsevier, vol. 25(1), pages 161-169, January.
    15. Roger R. Betancourt, 1991. "The New Institutional Economics and the Study of the Cuban Economy," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 1.
    16. John Hamilton & Simon Deakin, 2015. "Russia's Legal Transitions: Marxist Theory, Neoclassical Economics and the Rule of Law," Working Papers wp471, Centre for Business Research, University of Cambridge.
    17. Gerry Rodgers, 1992. "Institutional Economics, Development Economics and Labour Economics," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(4), pages 581-605.
    18. Luca Eufemia & Michelle Bonatti & Stefan Sieber & Barbara Schröter & Marcos A. Lana, 2020. "Mechanisms of Weak Governance in Grasslands and Wetlands of South America," Sustainability, MDPI, vol. 12(17), pages 1-23, September.
    19. repec:hum:wpaper:sfb649dp2006-049 is not listed on IDEAS
    20. Bellanger, Manuel & Fonner, Robert & Holland, Daniel S. & Libecap, Gary D. & Lipton, Douglas W. & Scemama, Pierre & Speir, Cameron & Thébaud, Olivier, 2021. "Cross-sectoral externalities related to natural resources and ecosystem services," Ecological Economics, Elsevier, vol. 184(C).
    21. Frolov, Daniil, 2019. "The manifesto of post-institutionalism: institutional complexity research agenda," MPRA Paper 97662, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2018:i:4:p:124-143. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.