Elinor Ostrom and the "just right" solution

Published

Journal Article

Elinor Ostrom is justly valued for her contributions to understanding the nature of and solution to common pool resource problems (CPRs). Her solution is generally referred to as balancing the aim of reducing the high costs associated with political solutions with that of ameliorating the absence of incentives to create solutions at all in the market-based approach. In this short paper, I characterize her solution as a " 'just right' solution," in the sense that it is a governmental solution, but one that balances these objectives. I consider endogenous variables that help maintain the creation of the institution to solve CPRs as being the "just right" solution, because it is at just the correct scope. © Springer Science+Business Media, LLC 2010.

Full Text

Duke Authors

Cited Authors

  • Aldrich, JH

Published Date

  • June 1, 2010

Published In

Volume / Issue

  • 143 / 3

Start / End Page

  • 269 - 273

International Standard Serial Number (ISSN)

  • 0048-5829

Digital Object Identifier (DOI)

  • 10.1007/s11127-010-9630-9

Citation Source

  • Scopus