{"id":47631,"date":"2019-07-01T12:19:45","date_gmt":"2019-07-01T11:19:45","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=47631"},"modified":"2024-08-19T14:27:33","modified_gmt":"2024-08-19T13:27:33","slug":"tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/","title":{"rendered":"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse"},"content":{"rendered":"\n

Do private property rights mitigate overexploitation of common pool resources and, if so, under which circumstances? In this paper, we examine the effects of private property rights on the status of marine fisheries by combining data on ecological, economic, and institutional characteristics into a panel data set, spanning over 50 years, 170 exclusive economic zones, and 800 species. To address the inherent endogeneity problem of policy implementation, we employ both a difference-in-differences (DiD) and instrumental variable (IV) strategy. Results from both estimations suggest that property rights lower the probability of a fish stock collapsing, but the effect varies with country and species characteristics. Specifically, we find evidence suggesting that property rights are more effective when ownership is transferable, the general level of ownership protection is strong, trade openness is high, the regenerative capacity of the resource is high, and the species value is high.<\/p>\n

Elisabeth Thuestad Isaksen and Andries Richter, Journal of the Association of Environmental and Resource Economists 2019 6:4, 741-781<\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Do private property rights mitigate overexploitation of common pool resources and, if so, under which circumstances? In this paper, we…<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[],"publication-type":[436],"topic_area":[4694],"class_list":["post-47631","publication","type-publication","status-publish","hentry","publication-type-research-articles","topic_area-policy-evaluation"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"1","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["elisabeth-isaksen"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"https:\/\/www.journals.uchicago.edu\/doi\/10.1086\/703578","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"\nTragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Do private property rights mitigate overexploitation of common pool resources and, if so, under which circumstances? In this paper, we...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T13:27:33+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\\\/\",\"name\":\"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"2019-07-01T11:19:45+00:00\",\"dateModified\":\"2024-08-19T13:27:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?post_type=publication\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"All research\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication-type\\\/new-research\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Research article\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication-type\\\/research-articles\\\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/","og_locale":"en_GB","og_type":"article","og_title":"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse - Grantham Research Institute on climate change and the environment","og_description":"Do private property rights mitigate overexploitation of common pool resources and, if so, under which circumstances? In this paper, we...","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2024-08-19T13:27:33+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/","name":"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"2019-07-01T11:19:45+00:00","dateModified":"2024-08-19T13:27:33+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/tragedy-property-rights-and-the-commons-investigating-the-causal-relationship-from-institutions-to-ecosystem-collapse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication"},{"@type":"ListItem","position":3,"name":"All research","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication-type\/new-research\/"},{"@type":"ListItem","position":4,"name":"Research article","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication-type\/research-articles\/"},{"@type":"ListItem","position":5,"name":"Tragedy, property rights, and the commons: Investigating the causal relationship from institutions to ecosystem collapse"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"publication-type":["Research article"],"topic_area":["Policy evaluation"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/47631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/publication"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":1,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/47631\/revisions"}],"predecessor-version":[{"id":74248,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/47631\/revisions\/74248"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=47631"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=47631"},{"taxonomy":"publication-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication-type?post=47631"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=47631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}