This wide-ranging book, which synthesises current theoretical and empirical research, and challenges traditional assumptions, examines the Tragedy of the Commons, the mismanagement of natural resources. Focusing on local ecosystems, it asks how they can be most efficiently and equitably protected-by private, public or community management.
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Jean-Marie Baland is at Facultes Universitaires Notre Dame de la Paix, Namur. Jean-Philippe Platteau is at Facultes Universitaires Notre Dame de la Paix, Namur.
"We are in deep and grateful debt to Baland and Platteau for a work of clarity, analytical prudence, interdisciplinary consciousness, synthetic reach and insight, and expositional felicity."--Journal of Economic Literature
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