Abstract
The overexploitation of renewable resources has been explained as the result of ‘open access’ conditions applied to a common resource. This analysis was initially developed by Gordon (1954), but then generally adopted by most other analysts of the overexploitation problem (see, e.g., Clark, 1976). Open access has been accepted as a fundamental explanation of the problem of overexploitation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1994 Timothy M. Swanson
About this chapter
Cite this chapter
Swanson, T.M. (1994). The Commons and the State: Regulating Overexploitation. In: The International Regulation of Extinction. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12985-0_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-12985-0_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12987-4
Online ISBN: 978-1-349-12985-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)