Abstract
The following paper provides an overview of the relationship that exists between different property-right regimes and the problem of over exploitation of ecological and other natural resources as a whole. New theoretical insights, developed especially by Elinor Ostrum, indicate the superiority of common property as a regime for managing these resources. When it is known that common property shows superiority evem in new platform technologies, then it is clear why this topic deserves such a brief overview that would further encourage research of this kind in our country as well. The paper especially points out the set of conditions under which joint ownership can be superior compared to private and state regime. Rules for designing a good regime of common property rights are also discussed.
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