Elinor Ostrom and the robust political economy of common-pool resources

Mark Pennington

Journal of Institutional Economics, 2013, vol. 9, issue 4, 449-468

Abstract: This paper situates Elinor Ostrom's work on common-pool resource management in the tradition of ‘robust political economy’. Ostrom's analysis of bottom-up governance institutions is shown to recognise that such arrangements though imperfect are better placed to cope with bounded rationality and incentive compatibility problems in the management of smaller- and medium-scale common-pool resources. While Ostrom's work provides an analytical framework to explain the success of these arrangements, however, the paper argues that it lacks a robust account of when, if ever, top-down governance arrangements are to be preferred.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jinsec:v:9:y:2013:i:04:p:449-468_00

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