" ... path-breaking research on economic governance, particularly the
administration of what are called "common-pool resources," such as
communal forests, ground water basins, fishing grounds, grazing
lands, irrigation systems, etc. "
" ... eight design principles for stable local common pool resource
management (CPR) that have far-reaching implications for various
areas of human organization: (1) Clear boundaries (2) Rules adapted
to local conditions (3) Participation of resource users in collective
decision-making (4) Effective and accountable monitoring (5)
Graduated sanctions for violators of community rules (6) Cheap and
accessible conflict-resolution mechanisms (7) Recognition of local
self-determination by higher authorities, and (8) In the case of
large common-pool resources, the setting up of multiple layers of
"nested enterprises" coupled with small local CPRs at the base. "
<http://opinion.inquirer.net/inquireropinion/columns/view/20091024-231972/A-third-way>http://opinion.inquirer.net/inquireropinion/columns/view/20091024-231972/A-third-way
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