The Economics of Common Pool Resources

Abstract

The paper analyses open access and common property resource systems drawing insights from new institutional economics, especially property rights theory and policy analysis. This analysis of common pool resources (CPRs) under common property regimes indicates that local communities devise formal and informal institutions in managing the local commons. The paper further discusses how N. S. Jodha’s empirical work on the economics of CPRs has enhanced our understanding of the role of CPRs in the livelihood strategies of the poor in the developing world. Devolution of authority to local resource users is emphasized as an institutional imperative in designing appropriate forms of governance structures for CPR management.

The Impact of the State of the Ecosystem on the Quality of Produced Organic Products in a Sustainable Development

“…Human activities introduce physical, chemical, and biological changes to the natural environment (Delgado et al, 2020). There are 5 types of human intervention in ecological processes: simplification of the ecosystem and disruption of biological cycles; concentration of dissipated energy in the form of thermal pollution; growth of toxic waste from chemical production; introduction of new species into the ecosystem; and occurrence of genetic changes in plant and animal organisms (Adhikari, 2021). All types of anthropogenic interventions are divided into two groups according to the type of impact.…”