Common Pool Resources: Is There Support for Conservationists?

Sustainability of common pool resources

Sustainability has become a key issue in managing natural resources together with growing concerns for capitalism, environmental and resource problems. We hypothesize that the ongoing modernization of competitive societies, which we refer to as "capitalism," affects human nature for utilizing common pool resources, thus compromising sustainability. To test this hypothesis, we design and impleme...

Collective Action in the Management of Common- Pool Resources: Is There an Alternative to the Rational Choice Model?

Interactional Justice for Sustainable Management of Common-Pool Resources

We argue that IoT-enabled socio-technical systems exhibit two inter-related and inter-dependent commons: one being the commons of resources (both physical and intellectual), and the other being the commons of knowledge. We show that both types of commons can be generically managed by applying Ostrom’s design principles for selfgoverning institutions. We then propose that one requirement for suc...

Cooperative Institutions for Sustainable Management of Common Pool Resources

Beneficiaries of common pool resources (CPRs) may select available noncooperative and regulatory exogenous institutions for managing the resource, as well as cooperative management institutions. All these institutions may increase the longterm gains, prolong the life of the resource, and help to escape the tragedy of the commons’ trap. Cooperative game theory approaches can serve as the backbon...

Exogenous Regulatory Institutions for Sustainable Management of Common Pool Resources

This paper focuses on introducing and comparing various types of external regulatory institutions for management of common pool resources (CPRs), namely the quota-based management, resource status-based management, tax-based management, and bankruptcy management institutions. The performance of these regulatory institutions is demonstrated, using a numerical groundwater exploitation example. Re...