Property Rights and Social Norms for Managing the Commons

Karimi, Abdul Matin and Delgado, Abraham García and Soliman, Ashrakat El-Amir and Sánchez Ramos, Karen Melissa (2020): Property Rights and Social Norms for Managing the Commons.

Abstract

In many of the developing countries, dependency on natural resources is significantly high. From peasants to fishermen and farmers, all of them earn their living from the utility of renewable natural resources such as water, air, farming land, forest, plants, animals and grazing areas (Heltberg, 2002). Given the importance of natural resources for many of the developing countries, it is important to address the issues like the tragedy of the commons, climatic change, pollution, and unsustainable usage of natural resources which might lead to rural poverty, food insecurity, and high rural-urban migration (Heltberg, 2002). Among the major factors mentioned above, this essay will focus on tragedy of the commons, property rights, and natural resource management in developing countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: Property Rights, Tragedy of the Commons, Ostrom’s Principles, Managing the Commons
• Subjects: D - Microeconomics > D2 - Production and Organizations > D23 - Organizational Behavior ; Transaction Costs ; Property Rights; H - Public Economics > H8 - Miscellaneous Issues > H82 - Governmental Property; H - Public Economics > H8 - Miscellaneous Issues > H87 - International Fiscal Issues ; International Public Goods; K - Law and Economics > K1 - Basic Areas of Law > K11 - Property Law; P - Economic Systems > P1 - Capitalist Systems > P14 - Property Rights; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P26 - Political Economy ; Property Rights; P - Economic Systems > P4 - Other Economic Systems > P48 - Political Economy ; Legal Institutions ; Property Rights ; Natural Resources ; Energy ; Environment ; Regional Studies

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