Premium
INSTITUTIONS AND THE ENVIRONMENT
Author(s) -
Ostrom Elinor
Publication year - 2008
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2008.00840.x
Subject(s) - common pool resource , corporate governance , coping (psychology) , property (philosophy) , government (linguistics) , common property , business , complex adaptive system , private property , environmental resource management , property rights , public relations , political science , computer science , economics , law , microeconomics , psychology , epistemology , finance , artificial intelligence , philosophy , linguistics , psychiatry
Scholars have tended to recommend ‘optimal’ solutions for coping with open‐access problems related to common‐pool resources such as fisheries, forests and water systems. Examples exist of both successful and unsuccessful efforts to rely on private property, government property and community property. After briefly reviewing how the often‐recommended solutions have worked in the field, I suggest that institutional theorists move from touting simple, optimal solutions to analysing adaptive, multi‐level governance as related to complex, evolving resource systems.