Common Pool Resource Management. Based on these two criteria manage the allocation of resources to different project tasks. One of the greatest challenges we face when managing natural resources for long term human benefit is the common pool problem.
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In economics a common pool resource is a type of good consisting of a natural or human made resource system whose size or characteristics makes it costly but not impossible to exclude potential beneficiaries from obtaining benefits from its use. Each presents a summary set of conditions critical to sustainability of commons institutions. Unlike pure public goods common pool resources face problems of congestion or overuse because they are subtractable.
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. In elinor ostrom s seminal book governing the commons she argues that by forming institutions that follow 8 principles can allow communities to avoid the tragedy of the commons and collectively self govern collective or common pool resources. On the commons is co sponsor of a commons festival at augsburg college in minneapolis october 7 8 where she will speak. The paper argues that the individual rational resource user encapsulated in the cpr design principles struggles to provide clear direction for meaningful consideration of local norms values and interests in commons projects.
