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Common Property Institutions and Markets

Author

Listed:
  • 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?

Suggested Citation

  • Nirmal Sengupta, 1995. "Common Property Institutions and Markets," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 30(2), pages 187-201, July.
    • Handle: RePEc:dse:indecr:v:30:y:1995:i:2:p:187-201
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    Cited by:

    1. María G. Lira & James P. Robson & Daniel J. Klooster, 2022. "Commons, global markets and small-scale family enterprises: the case of mezcal production in Oaxaca, Mexico," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 39(3), pages 937-952, September.

    More about this item

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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