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Rights and rents in local commons

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  • Sjur Didrik Flåm

    (University of Bergen, Norway)

Abstract

Motivated by management problems in national fisheries, we examine management of renewable resources in local or regional commons. This paper suggests that property rights, or lack thereof, be replaced by well-defined user rights. It shows that the use of commons can be conditioned, paid for, or valued, via market mechanisms. To that end, direct deals and double auctions are expedient. Either institution can distribute, restore and secure resource rent. Either can also focalize debates as to which assignments, regulations or taxation of rights might be fair or legitimate.

Suggested Citation

  • Sjur Didrik Flåm, 2020. "Rights and rents in local commons," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 5(1), pages 119-140, December.
    • Handle: RePEc:jmi:articl:jmi-v5i1a5
    DOI: 10.22574/jmid.2020.12.005
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    References listed on IDEAS

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    8. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
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    More about this item

    Keywords

    Rights; rent; commons.;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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