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Common Property Economics : A General Theory and Land Use Applications - Glenn G. Stevenson

Common Property Economics

A General Theory and Land Use Applications

Hardcover Published: 30th August 1991
ISBN: 9780521384414
Number Of Pages: 272

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Common Property Economics defines and clarifies the theoretical distinction between open access and common property and empirically tests the adequacy of resource allocation under common property in comparison with private property. The book presents theoretical models to demonstrate overexploitation under open access. Seven necessary and sufficient conditions differentiate common property from open access. Swiss alpine grazing commons are contrasted with grazing in the English open field system. Statistical work using Swiss data compares the performance of common property with private property. Whether it be fisheries, grazing land, oil and gas pools, groundwater, or wildlife, group use of natural resources has long received the blame for overexploitation and mismanagement. In this book two types of group use are identified: open access and common property. Open access refers to resource utilization without any controls on extraction rates, a situation in which resource overexploitation often occurs. On the other hand, "common property" is a term that ought to be reserved for group use in which outside access and user extraction rates are controlled.

Industry Reviews

"...a fine addition to the property rights literature. It is well written, and it provides a clear distinction between the concepts of open access and common property." Journal of Comparative Economics

List of tables and figures
What is common propertyn++
Open access theory
Common property
The Swiss grazing commons
Comparisons with the English open field system
An econometric comparison of commons and private grazing
The structure and performance of common property: conclusions
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521384414
ISBN-10: 0521384419
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 272
Published: 30th August 1991
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 1.91
Weight (kg): 0.57