Key Ideas

1. Understanding institutional diversity helps in understanding and managing common pool resources. - The book emphasizes the need to study and analyze different institutional arrangements in order to effectively manage common pool resources such as water, forests, and fisheries.
2. Institutions are not fixed or universal, but evolve and adapt over time. - Ostrom argues that institutions are not static entities, but are constantly changing and adapting to new circumstances and challenges.
3. The design principles for successful common pool resource management. - Ostrom identifies eight desig....
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Quiz