ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Tragedy of the Commons and Comedy of Common Property Resources

Common Property Resources A Damodaran This paper underlines the analytical and ideological significance of differentiating the tragedy-stricken free-riding' common resources from the comedy-prone common property resources, sustainahly and equitably managed by the community of users. It is argued that while state take-over of common property resource is retrograde, state appropriation of the free-riding commons pre-empts the possibility of their transformation to common property equity resources.

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