Analysis on the Effectiveness of Common Property Regimes in Common Resource Pools

Abstract

This paper aims to observe and ascertain the effectiveness of common property regimes in managing natural resource pools. The first objective is to interpret the bundles of rights used and managed by a series of resource users and understand what role each user has in managing common resource pools. The paper also determine through several case studies of different common resource pools the effectiveness of implementing common property regimes in maintaining and using the resource at a sustainable level. We argue that common resource pools are the best property regimes for natural resource management. We also mention that they are under the threat of private property regimes, because such private property may lead to overexploitation and eventual degradation of a natural resource. Finally, we use several case studies to demonstrate the effectiveness of common property regimes.