The Commons and the State: Regulating Overexploitation

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. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.