Use of Common Property to address the Commons Problem
The use of common property to address the problem of common people refers to the tragedy of the commons. Most of the work on environment cuts across the pro-regulatory traditional protectionist laws and policies.
According to Acheson, the tragedy of commons does not hold correctly to the future of all the available resources. Private owners instead of the general deserving public use the resources. Acheson reviews several classic examples of managing environmental resources in his essay. There are some institutional regimes, which have been in operation for a long period without degrading the available resources. In addition, Acheson ...