Glenn G. Stevenson "Common Property Economics: A General Theory and Land Use Applications"
Cambridge University Press | English | 2005-10-06 | ISBN: 0521020808 | 272 pages | PDF | 10,6 MB


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Common Property Economics defines and clarifies the theoreticaldistinction between open access and common property and empiricallytests the adequacy of resource allocation under common property incomparison with private property. The book presents theoretical modelsto demonstrate overexploitation under open access. Seven necessary andsufficient conditions differentiate common property from open access.Swiss alpine grazing commons are contrasted with grazing in the Englishopen field system. Statistical work using Swiss data compares theperformance of common property with private property. Whether it befisheries, grazing land, oil and gas pools, groundwater, or wildlife,group use of natural resources has long received the blame foroverexploitation and mismanagement. In this book two types of group useare identified: open access and common property. Open access refers toresource utilization without any controls on extraction rates, asituation in which resource overexploitation often occurs. On the otherhand, "common property" is a term that ought to be reserved for groupuse in which outside access and user extraction rates are controlled.