ECO 4193 Lecture 5: notes5-CPR-7-principles

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0. 0. 1 the common property solution to the problem of free access. The foregoing analysis makes clear that free access to a resource will lead to its overuse. The solution to this problem calls for a way to restrict access that seeks both to limit the number of users and impose restrictions on input e orts by users. In practice, one observes various manners in which access is being controlled, some of which are more successful than others. This section is devoted to a brief overview of alternative arrangements and outcomes, all of which involve some use of coercive force that may be associated with con ict. One way or another, a comparison of the desirability of each arrangement requires not just the consideration of the way the resource is being put to use but also the transaction costs associated with controlling access. 1. 0. 0. 1. 1 the governance of common property resources: ostrom"s seven design principles.

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