. "7 Common Property, Regulatory Property, and Environmental Protection: Comparing Community-Based Management to Tradable Environmental Allowances." The Drama of the Commons. Washington, DC: The National Academies Press, 2002.
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The Drama of the Commons
erty” regimes in cooperatives, condominiums, and even corporations; all these models entail a mix of self-government with the supervision of larger legal institutions. Meanwhile, recent proposals for allocating TEA quotas to communities also incorporate liberalizing reforms for these common property institutions (Rieser, 1997; Rose, 2000).
It may be that the future of CBMRs, with their many environmental strengths, indeed lies in this more liberal direction. What remains to be seen is whether greater liberalization and openness is compatible with the very social practices that give rise to CBMRs’ environmental strengths.
P. Seabright (1993:114) also has discussed the various designations given to common property institutions and resources.
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