Corpus ID: 14025690

Cooperative Institutions for Sustainable Management of Common Pool Resources

  title={Cooperative Institutions for Sustainable Management of Common Pool Resources},
  author={K. Madani and A. Dinar},
  • K. Madani, A. Dinar
  • Published 2011
  • Business
  • 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 backbone of cooperative CPR management institutions. This paper formulates and applies several commonly used… CONTINUE READING
    23 Citations

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