Post date: Sep 19, 2012 1:13:50 PM
Citing Andersen (1983), Cole (1999: 105) writes:
Throughout this century economists have studied relations between property rights and patterns of resource use and degradation. In 1911 the Danish economist Jens Warming elaborated on Aristotle’s observation [that unowned resources receive “the least care”] in the context of open-access fisheries.
Needless to say, Warming (1911) preceded Gordon (1954), Scott (1955), and Hardin (1968) deriving the same conclusion, though he relied upon some numerical examples unlike Gordon and Scott, who used formal models.
Relevant short notes:
P. Dasgupta (& G. Heal) against G. Hardin (1968)
A Genealogy of ‘Commons’ Studies by a group of economists
REFERENCES
- Andersen, Peder. 1983 “ ‘On Rent of Fishing Grounds’: a Translation of Jens Warming’s 1911 Article, with an Introduction,” History of Political Economy 15(3): 391-396.
- Cole, Daniel H. 1999 “Clearing the Air: Four Propositions about Property Rights and Environmental Protection,” Duke Environmental Law & Policy Forum 10(1): 103-130. Duke Law
- Gordon, H. Scott. 1954 “The Economic Theory of a Common-Property Resource: The Fishery,” Journal of Political Economy 62(2): 124-142.
- Scott, Anthony. 1955 “The Fishery: The Objectives od Sole Ownership,” Journal of Political Economy 63(2): 116-124.
- Warming, Jens. 1911 » Om »Grundrente« af Fiskegrunde, « Nationaløkonomisk Tidsskrift 3(19): 499-505. this issue