Common property regime , Microeconomics

Assignment Help:

Common Property Regime

Common property is the property on which well-defined collective claims by an exclusive group are established, the use of the resource is subtractive, having the characteristic of a public good such as indivisibility. The common property resource has two distinct features. First, it has the nature of a public good, which is the physical and intrinsic character of the resource. Second, it should have an association with a community or user group in a specific way, namely with collective claims.

Further, CPR, in principle, has three basic characteristics.  First, a well-defined group or community has to have exclusive rights on the use of the resource. Second, there is the non-excludability condition that no member of that community can be excluded from the use of the resource. However, no single individual in the group has any exclusive property rights on those resources either. Nor does any outsider member have any rights. Third, the use of the resource is subtractive in the sense that use of it by any user would reduce access and the welfare of other members in the group.

 


Related Discussions:- Common property regime

The nature of policy-making, The Nature of Policy-Making : It follows...

The Nature of Policy-Making : It follows that recommending policy must itself be a subjective exercise. The effects of particular-policies at a particular historical juncture

The Keynesian model, using the basic Keynesian model answewr the following ...

using the basic Keynesian model answewr the following parts carefully using the relevant diagrams. what happens to the equilibrium level of GDP(Y) given the following: a) a reducti

Risk premium, Risk Premium - The risk premium is amount of money which ...

Risk Premium - The risk premium is amount of money which a risk averse person would pay to keep away from taking a risk. *  Risk Premium: A Scenario - The person has a 5%

Division of labor, Division of Labor The occupation or breaking down o...

Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.

#titlefree trade and protectionsm .., why is international trade important ...

why is international trade important for south africa

Difference between anticipated and unanticipated inflation, Explain inflati...

Explain inflation, and the difference between anticipated and unanticipated inflation.         Answer   Inflation is the persistent rise in the general price level in the e

What are some ways for increase revenue, You've been contacted by a local s...

You've been contacted by a local semi-professional team in Colfax, known locally as the Colfax Thunder. They play their home games at the HS baseball park for only $100 per month.

Explain the meaning of poverty, Problem 1: (a) Explain the meaning of ...

Problem 1: (a) Explain the meaning of poverty. Briefly explain how poverty is measured? (b) Clearly explain the relationship between Poverty, Inequality and Economic Growt

Demand and supply, what will be the effect on price and quantity when suppl...

what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd