Nobel Laureate in Economic Sciences Elinor Ostrom discuss the disputes posed by the world's common-pool resources (CPRs) and the way to move toward collective-action quandaries.
She provide seven 'design principles' for the well-administered CPRs and conversations about some of the key challenges to applying them, clarifies what 'nested characteristics' are and describing the benefits of collective direction and 'polycentric' systems.
PUBLICATION DATE: September 01, 2010 PRODUCT #: ROT117-HCB-ENG
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