Everything about Common-pool resource
Type of good in economics
In economics, a common-pool resource (CPR) is a type of good consisting of a natural or human-made resource system, whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use. Unlike pure public goods, common pool resources face problems of congestion or overuse, because they are subtractable. A common-pool resource typically consists of a core resource, which defines the stock variable, while providing a limited quantity of extractable fringe units, which defines the flow variable. While the core resource is to be protected or nurtured in order to allow for its continuous exploitation, the fringe units can be harvested or consumed. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Common-pool resourceA 5-minute orientation
- Skim a recent paper: Can Common Pool Resource Theory Catalyze Stakeholder-Driven Solutions to the Freshwater Salinization Syndrome?Influential work since 2022
- Pick up a classic book: Fisherman quotasThe most-reprinted book on the subject
- Read the landmark paper: The Nature of Common-Pool Resource ProblemsCited 214 times
- Go sideways: Elinor OstromA closely related topic
- Go sideways: Common good (economics)A closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🏆 Landmark papers (most cited)
The Nature of Common-Pool Resource Problems
Capacity and Capacity Utilization in Common-pool Resource Industries
The Dynamic Efficiency Costs of Common-Pool Resource Exploitation
An intergenerational common pool resource experiment
Institutions influence preferences: Evidence from a common pool resource experiment
Interactions between organizations and networks in common-pool resource governance
Introducing Ecological Dynamics into Common-Pool Resource Experiments
Common Pool Resource Appropriation under Costly Cooperation
🆕 Influential since 2022
Can Common Pool Resource Theory Catalyze Stakeholder-Driven Solutions to the Freshwater Salinization Syndrome?
Experimental evidence of common pool resource use in the presence of uncertainty
The Promise of Collective Action for Large-Scale Commons Dilemmas: Reflections on Common-Pool-Resource Theory
Collective investment in a common pool resource: Grower associations and food safety guidelines
Deep reinforcement learning can promote sustainable human behaviour in a common-pool resource problem
📚 Books worth reading
- 📕Fisherman quotasChristy, Francis T. · 1973
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Elinor Ostrom Elinor Claire "Lin" Ostrom (née Awan; August 7, 1933 – June 12, 2012) was an American political scientist and political economist whose work was associated…
- Common good (economics) Common goods (also called common-pool resources) are defined in economics as goods that are rivalrous and non-excludable. Thus, they constitute one of…
- Community management Community management or common-pool resource management is the management of a common resource or issue by a community through the collective action of…
- Commons The commons are the cultural and natural resources accessible to all members of a society, including natural materials such as air, water, and a habitable…
- Bloomington school The Bloomington school or Bloomington school of political economy is a new institutionalist research tradition in political science, economics, sociology…
- Tragedy of the commons The tragedy of the commons is the idea that when a resource is shared and can benefit the individual at a cost to the community, it is rational for the…
- Institutional analysis and development framework The Institutional Analysis and Development framework (IAD) is a theoretical framework for investigating how people ("actors") interact with common-pool…
- John Baden John A. Baden is founder and chairman of the Foundation for Research on Economics and the Environment (FREE) based in Bozeman, Montana. In addition to…