Main TopicsWhat do you mean by common pool resources?
Table of Contents
- What do you mean by common pool resources?
- What are examples of common pool resources?
- What are the characteristics of a common-pool resource?
- Which is an example of a common pool resource?
- How are common pool resources ( CPR ) managed?
- Why are common pool resources susceptible to overuse?
- What are the rules of a common pool?
What do you mean by common pool resources?
A common pool resource is a resource that benefits a group of people, but which provides diminished benefits to everyone if each individual pursues his or her own self-interest.
What are examples of common pool resources?
Examples of a Common-Pool Resource Examples of common-pool resources include forests, man-made irrigation systems, fishing grounds, and groundwater basins.
What are the characteristics of a common-pool resource?
'Common-pool resources' are characterised by divisibility, which makes a difference to public goods, and include open-access resources as well as common-property resources, in opposition to private property resources. The latter are held by individuals and firms creating the basis for the functioning of markets.
Which is an example of a common pool resource?
Common-pool resource. Some classic examples of common-pool resources are fisheries, forests, underwater basins, and irrigation systems. Common-pool resources are susceptible to overuse and are thus prone to “ tragedies of the commons ,” which are present when individual and group interests are in conflict.
How are common pool resources ( CPR ) managed?
Common pool resources (CPR) such as forests, underground water basins, grasslands, and fisheries are often managed by a combination of government action and market mechanisms.
Why are common pool resources susceptible to overuse?
Common-pool resources are susceptible to overuse and are thus prone to “tragedies of the commons,” which are present when individual and group interests are in conflict. In the case of fishing, fishermen face the temptation to harvest as many fish as possible, because if they do not, someone else will.
What are the rules of a common pool?
Although the specific rules adopted to govern a common-pool resource are extremely numerous, scholars have identified seven broad categories of rules according to their function: boundary rules, authority rules, position rules, scope rules, aggregation rules, information rules, and payoff rules.
