Corpus ID: 15894463

Exogenous Regulatory Institutions for Sustainable Management of Common Pool Resources

  title={Exogenous Regulatory Institutions for Sustainable Management of Common Pool Resources},
  author={K. Madani and A. Dinar},
  • K. Madani, A. Dinar
  • Published 2011
  • Business
  • This paper focuses on introducing and comparing various types of external regulatory institutions for management of common pool resources (CPRs), namely the quota-based management, resource status-based management, tax-based management, and bankruptcy management institutions. The performance of these regulatory institutions is demonstrated, using a numerical groundwater exploitation example. Results suggest that the benefits to different types of users as well as the sustainability of the CPR… CONTINUE READING
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