Common Pool Resources is a term used in economics and environmental studies to describe a type of resource that is both non-excludable and rivalrous. Non-excludability means that it is difficult or impossible to prevent people from using the resource, while rivalry implies that one person's use of the resource diminishes its availability for others. Common examples of common pool resources include fisheries, forests, groundwater, and the atmosphere. These resources are often subject to overexploitation and depletion, as individuals acting in their own self-interest may use the resource without considering the long-term consequences for the group. This phenomenon is known as the tragedy of the commons. To prevent this, various management strategies have been proposed, such as government regulation, privatization, or community-based management. The work of Elinor Ostrom, a political economist, has been particularly influential in this field, highlighting the potential for local communities to develop effective governance systems for common pool resources.
Sustainability, natural resources, collective action, resource management, environmental governance
CITATION : "Robert Anderson. 'Common Pool Resources.' Design+Encyclopedia. https://design-encyclopedia.com/?E=431559 (Accessed on October 10, 2024)"
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