Synonyms
Definition
A collective ownership is an organization in which people cooperate for managing the collectively owned assets. This organization benefits all the members composing the group of owners. The group owners can vary in terms of dimension and can range from few people to a large group depending on the assets collectively managed.
Collective ownership has been described from a legal point of view as “another way of owing” (Grossi 1977). This ownership does not neglect private ownership and is not opposed to it, but it coexists together with private property for achieving collective results aimed to the common good of society (Pesci et al. 2020).
In western countries, this form of organization in the past centuries has been used for satisfying needs that people alone could not satisfy. Collective ownership resulted more efficient than private property in managing particular types of resources in a cooperative way in substitution...
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Pesci, C. (2023). Co-ownership/Collective Ownership. In: Idowu, S.O., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-031-25984-5_703
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