The Uncommon Insight of Elinor Ostrom

17 Pages Posted: 4 Jun 2010

See all articles by Theodore C. Bergstrom

Theodore C. Bergstrom

University of California, Santa Barbara (UCSB) - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Abstract

Standard economic approaches to the problem of overuse of common property resources have emphasized two competing remedies: the Pigovian approach of corrective taxation, and the property rights approach of internalizing externalities by means of assigning marketable property rights to individual owners with exclusive claim on the entire commons. Elinor Ostrom pursues a third approach, which is based on case studies of existing communities that have established successful and durable systems of managing common property resources. This paper discusses her work and suggests that economists with an interest in public policy have much to gain from becoming familiar with the work of Ostrom and her co-authors.

Suggested Citation

Bergstrom, Theodore C., The Uncommon Insight of Elinor Ostrom. Scandinavian Journal of Economics, Vol. 112, Issue 2, pp. 245-261, June 2010, Available at SSRN: https://ssrn.com/abstract=1616929 or http://dx.doi.org/10.1111/j.1467-9442.2010.01608.x

Theodore C. Bergstrom (Contact Author)

University of California, Santa Barbara (UCSB) - Department of Economics ( email )

2127 North Hall
Santa Barbara, CA 93106
United States

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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