Common Pool Resource Challenges

Course description Common Pool Resource Challenges
Year: 2014-2015
Catalog number: 8001GED04Y
  • David Zetland
Language: English
Blackboard: Yes
EC: 5
Level: 100
Period: Semester 1, Block II
Hours of study: 35:00 hrs
  • No Elective choice
  • No Contractonderwijs
  • No Exchange
  • No Study Abroad
  • No Evening course
  • No A la Carte
  • No Honours Class


[Bsc], GED, ID, PSc, EES, S

Admission requirements


Course description

Content: Common pool resources (CPR) are shared among people who may not agree on how to manage them. This class will explore different management paradigms, successes and failures in managing air, water and land. In this class, we will emphasize case studies, in-class exercises, and strategies for addressing CPR problems.

Themes: Sustainability, politics, discount factors, cost-benet analysis, decision-making with risk and uncertainty.

Learning objectives

Students with a background in economic principles will move from a single player, one-shot (myopic) paradigm to a multiple-player, repeated game environment that more closely resembles real world conditions. Students will leave the class equipped with ideas and methods for improving CPR.

Compulsory textbook

Olson, Mancur (1965), The Logic of Collective Action. Harvard University Press. ISBN 0-674-53751-3.
Ostrom, Gardner and Walker (1994). Rules, Games, and Common-Pool Resources. Ann Arbor Books.
Coase, Ronald (1960), “The Problem of Social Cost” in The Journal of Law and Economics 3:144.