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Common Property As An Institutional Response To Environmental Variability

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  • GARY D. THOMPSON
  • PAUL N. WILSON

Abstract

Relationships between the potential productivity of land and property rights generally are couched in terms of measures of central tendency or means. However, risk or variance as a measure of uncertainty also is critical in relating property rights and organizational arrangements developed within various property regimes. Meteorological and hydrological research results support the appropriateness of risk‐spreading property regimes, especially in semi‐arid and arid lands. Spatial diversification models indicate that common property regimes can be a rational response to environmental variability. Efforts by the public sector to privatize and fence grazing lands on the extensive margin may have limited appeal to pastoralists throughout the world.

Suggested Citation

  • Gary D. Thompson & Paul N. Wilson, 1994. "Common Property As An Institutional Response To Environmental Variability," Contemporary Economic Policy, Western Economic Association International, vol. 12(3), pages 10-21, July.
    • Handle: RePEc:bla:coecpo:v:12:y:1994:i:3:p:10-21
    DOI: 10.1111/j.1465-7287.1994.tb00430.x
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    References listed on IDEAS

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    Cited by:

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    3. Nugent, Jeffrey B. & Sanchez, Nicholas, 1999. "The local variability of rainfall and tribal institutions: the case of Sudan," Journal of Economic Behavior & Organization, Elsevier, vol. 39(3), pages 263-291, July.
    4. Hallie Eakin, 2000. "Smallholder Maize Production and Climatic Risk: A Case Study from Mexico," Climatic Change, Springer, vol. 45(1), pages 19-36, April.
    5. McCarthy, Nancy & Dutilly-Diane, Celine & Drabo, Boureima & Kamara, Abdul & Vanderlinden, Jean-Paul, 2004. "Managing resources in erratic environments: an analysis of pastoralist systems in Ethiopia, Niger, and Burkina Faso," Research reports 135, International Food Policy Research Institute (IFPRI).
    6. Scott Steele, 2001. "Property Regimes as Information Regimes: Efficiency and Economies of Joint Production," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 18(3), pages 317-337, March.
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    8. Milgroom, J. & Giller, K.E., 2013. "Courting the rain: Rethinking seasonality and adaptation to recurrent drought in semi-arid southern Africa," Agricultural Systems, Elsevier, vol. 118(C), pages 91-104.

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