Location of Repository

The sustainability of informal property rights in common property resources

By 

Abstract

Private ownership is often seen as a solution to prevent the overexploitation of natural resources. If an individual has a secure right to harvest a limited amount of a resource, the incentive to rush on it at the expense of others is eliminated. This solution has been implemented in the form of individual transferable quotas by management authorities during the last twenty years, especially in marine fisheries. However, individual rights on harvested quantities do not only appear in a top-down manner, imposed by governmental authorities. In many common-property situations, individual rights emerge and sustain at the community-level as a result of the decentralized actions of local resource users. Such informal community-based resource management is particularly fundamental in developing countries since their formal institutions usually lack the capacity to enforce efficient management rules. We propose an evolutionary model to account for the sustainability of informal systems of property rights, and discuss the conditions which enable more effective resource conservation

Topics: common resources, imitation behavior, property rights, social norms, evolutionary games JEL, C73, Q20
Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.193.8876
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • http://cerdi.org/uploads/sfCms... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.