DOCSLIB.ORG

Emerging Commons and Tragic Institutions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Emerging Commons and Tragic Institutions Brigham Young University Law School BYU Law Digital Commons Faculty Scholarship 1-1-2007 Emerging Commons and Tragic Institutions Brigham Daniels BYU Law, [email protected] Follow this and additional works at: https://digitalcommons.law.byu.edu/faculty_scholarship Part of the Environmental Law Commons, and the Natural Resources Law Commons Recommended Citation Brigham Daniels, Emerging Commons and Tragic Institutions, 37 Eɴᴠᴛʟ. L. 515 (2007). This Article is brought to you for free and open access by BYU Law Digital Commons. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of BYU Law Digital Commons. For more information, please contact [email protected]. ARTICLES EMERGING COMMONS AND TRAGIC INSTITUTIONS BY BRIGHAM DANIELS* For the past forty years, scholars have developed an immense literature devoted to understanding and solving the tragedy of the commons. The most prominent solutions to this-tragedy have focused on buildingand maintainingstable institutions.This Article reexamines this foundationalliterature by exploring the costs of stability In many cases, far more than is generally recognized, the way we value the commons changes. When values change, stable institutions that once made perfect sense become rigid institutions that block change. This Article explains how institutions most able to solve the tragedy of the commons often cause a tragedy of another sort. To ground theory in practice, this Article examines three case studies: the United States' governance of the radio spectrum, the founding of Yellowstone NationalPark, and western water law. This Article ends by proposinga set of &-aft principles to help us overcome institutional rigidity. For decades, commons scholarshiphas focused on the tragedy of overuse. This Article re-frames the commons debate, explicitly taking into account not only the benefits of stable institutionsbut also theircosts. I. INTRO DUCTIO N ................................................................................................................. 516 II. CHALLENGES OF PROTECTING THE COMMONS ................................................................ 523 • Ph.D. Candidate, Duke University, Nicholas School of the Environment; J.D., Stanford Law School, 2003; M.P.A., University of Utah, 2000. For their comments and insights, I wish to thank Jim Salzman, Meg McKean, Scott Daniels, Buzz Thompson, Erika Weinthal, Christian Turner, Josh Eagle, Chris Schroeder, Mark Buntaine, Jonathon Weiner, and Lincoln Davies. I also thank the talented editors of EnvironmentalLaw.I gratefully acknowledge that this Article is based upon work supported under a National Science Foundation Graduate Research Fellowship. I dedicate this Article to Kellie. [5151 516 ENVIRONMENTALLA W [Vol. 37:515 A. Challenges Imbeddedin the Traitsof a Commons......................................... 523 B. Challenges of Convincing Commons Users to Cut Back ............................... 525 C Problems of EngineeringCollective Action ..................................................... 526 Im. BUILDING AND MAINTAINING STABLE INSTITUrIONS IN THE COMMONS .......................... 527 A. Institutionsand How They Govern the Commons ................. 528 B. BuildingStable Institutions................................................................................ 528 1. Credible Commitments............................................................................... 529 2. Credible Threats ......................................................................................... 530 C MaintainingStable Institutions.......................................................................... 531 IV. EMERGING COMMONS ...................................................................................................... 534 A. Crowding.............................................................................................................. 535 1. CrowdingAmong Users.............................................................................. 535 2. CrowdingAmong Uses ............................................................................... 537 B. Recogniing Crowding....................................................................................... 538 V. TRAGIC INSTITUTIONS ...................................................................................................... 539 A. Relative Neglect of InstitutionalChange wthin the Commons Scholarship........................................................................................................... 539 B. Tragic Institutions............................................................................................... 541 C Tragic InstitutionsFramework ......................................................................... 541 VI. FROM THEORY TO APPLICATION ...................................................................................... 544 A Case Studies ......................................................................................................... 545 1. Bringingthe Radio Spectrum into the Information Age ........................ 545 2. Creationof Yellowstone NationalPark and the Eviction of Histozic Users.............................................................................................. 550 3. Western Water Law and the Changing West................... 554 B. Four Typologies of Tragic Institutions............................................................. 559 1. Rival Institutions......................................................................................... 559 2. LayeredInstitutions .................................................................................... 561 3. Static Institutions....................................................................................... 562 4. ResidualInstitution ..................................................................................... 563 VII. MANAGING EMERGING COMMONS AND TRAGIC INSTITUTIONS ........................................ 564 A Design Principlesfor a Changing World .......................................................... 565 B. Findingthe Right Mix Between InstitutionalStability and Responsiveness.................................................................................................... 568 VIII. CONCLUSION .................................................................................................................. 570 I. INTRODUCTION About forty years ago Garrett Hardin recounted what has become the world's most famous environmental fable: the story of a tribe of herdsmen who grazed their cows in an open field.1 The herdsmen lived by a simple 1 Garrett Hardin, The Tragedy of the Commons, 162 SCI. 1243, 1244 (1968). 20071 EMERGING COMMONS AND TRA GIC INSTITTIONS 517 rule: when a herdsman added a cow to the pasture, he took it home for the slaughter. For generations the herdsmen grazed their cows in relative peace. But, if one were looking, problems started to appear. As the herdsmen added more cows, grass became increasingly sparse, the terrain more trampled, and the cows a little crowded. The herdsmen slowly came to understand that adding cows meant more strain on the pasture and that this threatened the herd and their way of life. Yet, each herdsman continued to add cows to the pasture, all the while resenting others that did the'same. No herdsman would cut back; each feared that if he did, others would simply continue adding cows. This ends the story. We are left to wonder if the herdsmen eventually pushed the pasture over the brink and if so, at what cost. But Hardin's message rings clear: the individually rational interest to overuse the commons inevitably resulted in a collectively tragic outcome. Hardin famously termed this clash that threatened the pasture-and even the herdsmen-the tragedyof the commons'2 Scholars have applied Hardin's insight in a dizzying number of contexts to explain real-world problems,3 including air pollution,4 water use, 5 water 2 Others have made many of the points made by Hardin in The Tragedy of the Commons. Elinor Ostrom traces elements of Hardin's argument as far back as Aristotle. ELINOR OSTROM, GOVERNING THE COMMONS: THE EVOLUTION OF INSTfrTIONS FOR COLLECTIVE ACTION 2-3 (James E. Alt & Douglass C. North eds., 1990) [hereinafter OSTROM, GOVERNING THE COMMONS]. Hardin was not even alone among his contemporaries in identifying what has become known as the tragedy of the commons. See, e.g., H. Scott Gordon, The Economic Theory of a Common- PropertyResource: The Fishery, 62 J. POL. ECON. 124, 124 (1954); Harold Demsetz, Toward a Theory of PropertyRghtls 57 AM. ECON. REV. 347, 354-55 (1967). Nonetheless, "Hardin gave the problem a vivid and visceral name that quickly captures our attention and tells us much of what we need to know." Barton H. Thompson, Jr., TragicallyDifflcult: The Obstacles to Governing the Commons, 30 ENVTL. L. 241, 242 (2000). 3 A LexisNexis search of "tragedy of the commons" produces 1,618 results in the Law Reviews, CLE, Legal Journals & Periodicals Combined Database (completed on June 28, 2007). 4 See WILLIAM D. NORDAUS, MANAGING THE GLOBAL COMMONS: THE ECONOMICS OF CLIMATE CHANGE 1 (1994); Tom Tietenberg, The Tradable PermitsApproach to Protectingthe Commons: What Have We Learned?, in THE DRAMA OF THE COMMONS 197, 202-03 (Elinor Ostrom et al. eds., 2002); Hardin, The Tragedy of the Commons, supra note 1, at 1245 ("In a reverse way, the tragedy of the commons reappears in problems of pollution. Here it is not a question of
Load more

Recommended publications
  • When Does Behavioural Economics Really Matter?
    When does behavioural economics really matter? Ian McAuley, University of Canberra and Centre for Policy Development (www.cpd.org.au) Paper to accompany presentation to Behavioural Economics stream at Australian Economic Forum, August 2010. Summary Behavioural economics integrates the formal study of psychology, including social psychology, into economics. Its empirical base helps policy makers in understanding how economic actors behave in response to incentives in market transactions and in response to policy interventions. This paper commences with a short description of how behavioural economics fits into the general discipline of economics. The next section outlines the development of behavioural economics, including its development from considerations of individual psychology into the fields of neurology, social psychology and anthropology. It covers developments in general terms; there are excellent and by now well-known detailed descriptions of the specific findings of behavioural economics. The final section examines seven contemporary public policy issues with suggestions on how behavioural economics may help develop sound policy. In some cases Australian policy advisers are already using the findings of behavioural economics to advantage. It matters most of the time In public policy there is nothing novel about behavioural economics, but for a long time it has tended to be ignored in formal texts. Like Molière’s Monsieur Jourdain who was surprised to find he had been speaking prose all his life, economists have long been guided by implicit knowledge of behavioural economics, particularly in macroeconomics. Keynes, for example, understood perfectly the “money illusion” – people’s tendency to think of money in nominal rather than real terms – in his solution to unemployment.
    [Show full text]
  • Samuelson's Dictum and the Stock Market
    SAMUELSON’S DICTUM AND THE STOCK MARKET BY JEEMAN JUNG and ROBERT J. SHILLER COWLES FOUNDATION PAPER NO. 1183 COWLES FOUNDATION FOR RESEARCH IN ECONOMICS YALE UNIVERSITY Box 208281 New Haven, Connecticut 06520-8281 2006 http://cowles.econ.yale.edu/ SAMUELSON’S DICTUM AND THE STOCK MARKET JEEMAN JUNG and ROBERT J. SHILLER* Samuelson has offered the dictum that the stock market is ‘‘micro efficient’’ but ‘‘macro inefficient.’’ That is, the efficient markets hypothesis works much better for individual stocks than it does for the aggregate stock market. In this article, we review a strand of evidence in recent literature that supports Samuelson’s dictum and present one simple test, based on a regression and a simple scatter diagram, that vividly illus- trates the truth in Samuelson’s dictum for the U.S. stock market data since 1926. (JEL G14) I. INTRODUCTION dividends or earnings or cash flows) of indi- vidual firms than there is about future changes Paul A. Samuelson has argued that one would expect that the efficient markets hy- in the fundamentals of the aggregate stock market. Individual firms’ activities are highly pothesis should work better for individual diverse: Some have breakthrough discoveries stocks than for the stock market as a whole: or important new patents; others are in declin- Modern markets show considerable micro ing industries or have fundamental structural efficiency (for the reason that the minority who spot aberrations from micro efficiency can make problems. Hence some firms at some times money from those occurrences and, in doing so, may be well known to the market to have they tend to wipe out any persistent inefficiencies).
    [Show full text]
  • Restoring Rational Choice: the Challenge of Consumer Financial Regulation
    NBER WORKING PAPER SERIES RESTORING RATIONAL CHOICE: THE CHALLENGE OF CONSUMER FINANCIAL REGULATION John Y. Campbell Working Paper 22025 http://www.nber.org/papers/w22025 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2016 This paper is the Ely Lecture delivered at the annual meeting of the American Economic Association on January 3, 2016. I thank the Sloan Foundation for financial support, and my coauthors Steffen Andersen, Cristian Badarinza, Laurent Calvet, Howell Jackson, Brigitte Madrian, Kasper Meisner Nielsen, Tarun Ramadorai, Benjamin Ranish, Paolo Sodini, and Peter Tufano for joint work that I draw upon here. I also thank Cristian Badarinza for his work with international survey data on household balance sheets, Laurent Bach, Laurent Calvet, and Paolo Sodini for sharing their results on Swedish wealth inequality, Ben Ranish for his analysis of Indian equity data, Annamaria Lusardi for her assistance with financial literacy survey data, Steven Bass, Sean Collins, Emily Gallagher, and Sarah Holden of ICI and Jack VanDerhei of EBRI for their assistance with data on US retirement savings, Eduardo Davila and Paul Rothstein for correspondence and discussions about behavioral welfare economics, and Daniel Fang for able research assistance. I have learned a great deal from my service on the Academic Research Council of the Consumer Financial Protection Bureau, and from conversations with CFPB staff. Finally I gratefully acknowledge insightful comments from participants in the Sixth Miami Behavioral
    [Show full text]
  • Contents Commons Forum
    Summer 2011 No. 11 ince the end of the 13th IASC Global Conference conference was a unique demonstration of that in Hyderabad, the Executive Council has balance since it was the first meeting in our history Sapproved one global conference and two that was sponsored by a practitioner organization. meetings. The next Global Conference will be at the foot of Mount Fuji in Kitafuji, Japan, in the summer This number of the Digest showcases some of the of 2013; in addition, the Asian Regional Meeting will highlights of the Hyderabad meeting: excerpts from be held Ulan Bator, Mongolia, in June 2012, and our the speech of Shri Jairam Ramesh, Minister of the 1st Thematic Meeting on “knowledge commons” is Environment and Forests in India; the final conference scheduled for September 2012 in Louvain-La-Nouve, report from the Foundation for Ecological Security Belgium. Our European meeting (“Shared Resources (FES) presented by Jagdeesh Rao Puppala, and a in a Rapidly Changing World”) will be held in Plovdiv, thoughtful report on the Hyderabad meeting from Bulgaria, this coming September. Kate Ashbrook, general secretary of the English Open Spaces Society. This special edition of The Commons Digest focuses on our extremely successful meeting in Hyderabad This issue includes, as always, the valuable updates this past January. The first article is the splendid to the Digital Library of the Commons (DLC) at Indiana presidential address given by Dr. Ruth Meinzen-Dick, University, compiled by Emily Castle, Director of the in which she highlighted recent milestones in the DLC. history and work of IASC. The first milestone was Elinor Ostrom’s 2009 Nobel Prize in Economic Sciences for Finally, please read the invitation to join IASC written her work on the commons; Dr.
    [Show full text]
  • Trends in Factor Shares: Facts and Implications
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Karabarbounis, Loukas; Neiman, Brent Article Trends in factor shares: Facts and implications NBER Reporter Provided in Cooperation with: National Bureau of Economic Research (NBER), Cambridge, Mass. Suggested Citation: Karabarbounis, Loukas; Neiman, Brent (2017) : Trends in factor shares: Facts and implications, NBER Reporter, National Bureau of Economic Research (NBER), Cambridge, MA, Iss. 4, pp. 19-22 This Version is available at: http://hdl.handle.net/10419/178760 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu systematically benefit firstborns and help 2 S. Black, P. Devereux, and K. Adolescent Behavior,” Economic Inquiry, Trends in Factor Shares: Facts and Implications explain their generally better outcomes.
    [Show full text]
  • Chapter 3: the Rise of the Antinuclear Power Movement: 1957 to 1989
    Chapter 3 THE RISE OF THE ANTINUCLEAR POWER MOVEMENT 1957 TO 1989 In this chapter I trace the development and circulation of antinuclear struggles of the last 40 years. What we will see is a pattern of new sectors of the class (e.g., women, native Americans, and Labor) joining the movement over the course of that long cycle of struggles. Those new sectors would remain autonomous, which would clearly place the movement within the autonomist Marxist model. Furthermore, it is precisely the widening of the class composition that has made the antinuclear movement the most successful social movement of the 1970s and 1980s. Although that widening has been impressive, as we will see in chapter 5, it did not go far enough, leaving out certain sectors of the class. Since its beginnings in the 1950s, opposition to the civilian nuclear power program has gone through three distinct phases of one cycle of struggles.(1) Phase 1 —1957 to 1967— was a period marked by sporadic opposition to specific nuclear plants. Phase 2 —1968 to 1975— was a period marked by a concern for the environmental impact of nuclear power plants, which led to a critique of all aspects of nuclear power. Moreover, the legal and the political systems were widely used to achieve demands. And Phase 3 —1977 to the present— has been a period marked by the use of direct action and civil disobedience by protesters whose goals have been to shut down all nuclear power plants. 3.1 The First Phase of the Struggles: 1957 to 1967 Opposition to nuclear energy first emerged shortly after the atomic bomb was built.
    [Show full text]
  • David Laibson RAND Summer 2006
    David Laibson RAND Summer 2006 All readings are recommended. Starred readings will be particularly useful complements for the lecture. George Akerlof "Procastination and Obedience," The Richard T. Ely Lecture, American Economic Review, Papers and Proceedings, May 1991. *George-Marios Angeletos, David Laibson, Andrea Repetto, Jeremy Tobacman and Stephen Weinberg,“The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation ” Journal of Economic Perspectives, August 2001, pp. 47-68. Shlomo Benartzi and Richard H. Thaler "How Much Is Investor Autonomy Worth?" Journal of Finance, 2002, 57(4), pp. 1593-616. Camerer, Colin F., George Loewenstein and Drazen Prelec. Mar. 2005. "Neuroeconomics: How neuroscience can inform economics." Journal of Economic Literature. Vol. 34, No. 1. Colin Camerer, Samuel Issacharoff, George Loewenstein, Ted O'Donoghue, and Matthew Rabin. Jan 2003. "Regulation for Conservatives: Behavioral Economics and the Case for 'Assymetric Paternalism.'" University of Pennsylvania Law Review. 151, 1211- 1254. *James Choi, David Laibson, and Brigitte Madrian. $100 Bills on the Sidewalk: Suboptimal Saving in 401(k) Plans July 16, 2005. *James Choi, Brigitte Madrian, David Laibson, and Andrew Metrick. Optimal Defaults and Active Decisions December 3, 2004. James Choi, David Laibson, and Brigitte C. Madrian “Are Education and Empowerment Enough? Under-Diversification in 401(k) Plans” forthcoming, Brookings Papers on Economic Activity. *James Choi, David Laibson, Brigitte Madrian, and Andrew Metrick “Optimal Defaults” American Economic Review Papers and Proceedings, May 2003, pp. 180-185. Dominique J.-F. de Quervain, Urs Fischbacher, Valerie Treyer, Melanie Schellhammer, Ulrich Schnyder, Alfred Buck, Ernst Fehr. The Neural Basis of Altruistic Punishment Science 305, 27 August 2004, 1254-1258 Shane Frederick, George Loewenstein, and O'Donoghue, T.
    [Show full text]
  • From Wilderness to the Toxic Environment: Health in American Environmental Politics, 1945-Present
    From Wilderness to the Toxic Environment: Health in American Environmental Politics, 1945-Present The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters Citation Thomson, Jennifer Christine. 2013. From Wilderness to the Toxic Environment: Health in American Environmental Politics, 1945- Present. Doctoral dissertation, Harvard University. Citable link http://nrs.harvard.edu/urn-3:HUL.InstRepos:11125030 Terms of Use This article was downloaded from Harvard University’s DASH repository, and is made available under the terms and conditions applicable to Other Posted Material, as set forth at http:// nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of- use#LAA From Wilderness to the Toxic Environment: Health in American Environmental Politics, 1945-Present A dissertation presented by Jennifer Christine Thomson to The Department of the History of Science In partial fulfillment of the requirements for the degree of Doctor of Philosophy in the subject of History of Science Harvard University Cambridge, Massachusetts May 2013 @ 2013 Jennifer Christine Thomson All rights reserved. Dissertation Advisor: Charles Rosenberg Jennifer Christine Thomson From Wilderness to the Toxic Environment: Health in American Environmental Politics, 1945-Present Abstract This dissertation joins the history of science and medicine with environmental history to explore the language of health in environmental politics. Today, in government policy briefs and mission statements of environmental non-profits, newspaper editorials and activist journals, claims about the health of the planet and its human and non-human inhabitants abound. Yet despite this rhetorical ubiquity, modern environmental politics are ideologically and organizationally fractured along the themes of whose health is at stake and how that health should be protected.
    [Show full text]
  • AN INVESTIGATION INTO the FORMATION of CONSENSUS AROUND NEOCLASSICAL ECONOMICS in the 1950S
    THE ECLIPSE OF INSTITUTIONALISM? AN INVESTIGATION INTO THE FORMATION OF CONSENSUS AROUND NEOCLASSICAL ECONOMICS IN THE 1950s A Dissertation Submitted to the Temple University Graduate Board In Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy By Julie Ragatz May, 2019 Committee Members: Dr. Miriam Solomon, Department of Philosophy Dr. David Wolfsdorf, Department of Philosophy Dr. Dimitrios Diamantaras, Department of Economics Dr. Matthew Lund, Department of Philosophy, Rowan University, External Reader © Copyright 2019 by Julie Ragatz Norton All Rights Reserved ii ABSTRACT The Eclipse of Institutionalism? An Investigation into the Formation of Consensus Around Neoclassical Economics in the 1950s Julie Ragatz Norton Temple University, 2019 Doctoral Advisory Committee Chair: Dr. Miriam Solomon As the discipline of economics professionalized during the interwar period, two schools of thought emerged: institutionalism and neoclassical economics. By 1954, after the publication of Arrow and Debreu’s landmark article on general equilibrium theory, consensus formed around neoclassical economics. This outcome was significantly influenced by trends in the philosophy of science, notably the transformation from the logical empiricism of the Vienna Circle to an ‘Americanized’ version of logical empiricism that was dominant through the 1950s. This version of logical empiricism provided a powerful ally to neoclassical economics by affirming its philosophical and methodological commitments as examples of “good science”. This dissertation explores this process of consensus formation by considering whether consensus would be judged normatively appropriate from the perspective of three distinct approaches to the philosophy of science; Carl Hempel’s logical empiricism, Thomas Kuhn’s account of theory change and Helen Longino’s critical contextual empiricism.
    [Show full text]
  • ADVANCED SEMINAR in INSTITUTIONAL THEORY and GOVERNANCE STUDIES: ELINOR OSTROM and OLIVER WILLIAMSON in COMPARATIVE PERSPECTIVE Paul Dragos Aligica
    ADVANCED SEMINAR IN INSTITUTIONAL THEORY AND GOVERNANCE STUDIES: ELINOR OSTROM AND OLIVER WILLIAMSON IN COMPARATIVE PERSPECTIVE Paul Dragos Aligica “The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2009 to Elinor Ostrom, Indiana University, Bloomington, USA, for her analysis of economic governance, especially the commons and Oliver E. Williamson University of California, Berkeley, USA, for his analysis of economic governance, especially the boundaries of the firm. Economic governance: the organization of cooperation. Elinor Ostrom has demonstrated how common property can be successfully managed by user associations. Oliver Williamson has developed a theory where business firms serve as structures for conflict resolution. Over the last three decades these seminal contributions have advanced economic governance research from the fringe to the forefront of scientific attention.” The Royal Swedish Academy of Sciences, 12 October 2009 ELINOR OSTROM OLIVER WILLIAMSON SOURCES AND Public Administration Organization Theory DIMENSIONS (DOMAIN) Ostrom, V., and Ostrom, E. (1965), “A Behavioral Williamson, Oliver E., ed. Organization Theory: From Approach to the Study of Intergovernmental Relations.” Chester Barnard to the Present and Beyond. Oxford The Annals of the American Academy of Political and University Press, 1995. Social Science, vol. 359, pp. 137—146. Williamson, Oliver E. "The evolving science of Ostrom, E. (1972), "Metropolitan Reform: Propositions organization." Journal of Institutional and Theoretical Derived from Two Traditions", Social Science Quarterly, Economics (JITE)/Zeitschrift für die gesamte vol.53, December, pp. 474-493. Staatswissenschaft (1993): 36-63. Ostrom, V., and Ostrom, E. (1977), "Public Goods and Williamson, Oliver E.
    [Show full text]
  • The Contribution of Douglass North to New Institutional Economics Claude Ménard, Mary M
    The Contribution of Douglass North to New Institutional Economics Claude Ménard, Mary M. Shirley To cite this version: Claude Ménard, Mary M. Shirley. The Contribution of Douglass North to New Institutional Economics. Sebastian Galani, Itai Sened. Institutions, Property Rights and Economic Growth: The legacy of Douglass North, Cambridge University Press, pp.11-29, 2014, 9781107041554. 10.1017/CBO9781107300361.003. hal-01315473 HAL Id: hal-01315473 https://hal.archives-ouvertes.fr/hal-01315473 Submitted on 13 May 2016 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. THE CONTRIBUTION OF DOUGLASS NORTH TO NEW INSTITUTIONAL ECONOMICS Claude Ménard And Mary M. Shirley Chap. 1, pp. 11-29 In: INSTITUTIONS, PROPERTY RIGHTS, and ECONOMIC GROWTH. The Legacy of Douglass Nortrh. S. Galiani and I. Sened (eds.), Cambridge: Cambridge University Press 2014 2 The Contribution of Douglass North to New Institutional Economics By Claude Ménard and Mary M. Shirley 1 Abstract Douglass North, along with Ronald Coase, Elinor Ostrom, and Oliver Williamson, transformed the early intuitions of new institutional economics into powerful conceptual and analytical tools that spawned a robust base of empirical research. NIE arose in response to questions not well explained by standard neoclassical models, such as make or buy? Or, why rich or poor? Today NIE is a success story by many measures: four Nobel laureates in under 20 years, increasing penetration of mainstream journals, and significant impact on major policy debates from anti-trust law to development aid.
    [Show full text]
  • Remembering Elinor Ostrom: Her Work and Its Contribution to the Theory and Practice of Conservation and Sustainable Natural Resource Management
    IUCN COMMISSION ON ENVIRONMENTAL, ECONOMIC AND SOCIAL POLICY Policy Matters ISSUE 19 - APRIL 2014 RememberingHER WORK AND ITS CONTRIBUTION TO THE THElinorEORY AND PRA OstromCTICE OF CONSERVATION AND SUSTAINABLE NATURAL RESOURCE MANAGEMENT IUCN COMMISSION ON ENVIRONMENTAL, ECONOMIC AND SOCIAL POLICY Policy Matters ISSUE 19 – APRIL 2014 RememberingHER WORK AND ITS ElinorCONTRIBUTIO OstromN TO THE THEORY AND PRACTICE OF CONSERVATION AND SUSTAINABLE NATURAL RESOURCE MANAGEMENT James P. Robson IainEdited J. Davidson-Hunt by: Alyne Delaney Gabriela Lichtenstein Lapologang Magole Aroha Te Pareake Mead © 2014 International Union for Conservation of Nature Reproduction of this publication for educational or other non-commercial uses is authorized without prior written permission from the copyright holder(s) provided the source is fully acknowledged. Reproduction of this publication for resale or other commercial purposes is prohibited without prior written permission of the copyright holder(s). The views expressed in this publication do not necessarily reflect those of International Union for the Conservation of Nature (IUCN) or of the Commission on Environmental, Economic and Social Policy (CEESP). The designation of geographical entities in this book, and the presentation of the material, do not imply the expression of any opinion whatsoever on the part of IUCN [**or other participating organizations] concerning the legal status of any country, territory, or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. This publication should be cited as: Robson, James P., Iain J. Davidson-Hunt, Alyne Delaney, Gabriela Lichtenstein, Lapologang Magole and Aroha Te Pareake Mead.Policy Matters2014. Remembering Elinor Ostrom: Her Work and Its Contribution to the Theory and Practice of Conservation and Sustainable Natural Resource Management.
    [Show full text]