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CPRs AND DETERMINANTS OF COOPERATION CHAPTER 16 TEST QUESTIONS AND ANSWERS

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CPRs AND DETERMINANTS OF COOPERATION CHAPTER 16 TEST QUESTIONS AND ANSWERS...

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CPRs AND DETERMINANTS OF COOPERATION
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CPRs AND DETERMINANTS OF COOPERATION








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Institution
CPRs AND DETERMINANTS OF COOPERATION
Course
CPRs AND DETERMINANTS OF COOPERATION

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Uploaded on
March 20, 2025
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • cprs

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CPRs AND DETERMINANTS OF COOPERATION
CHAPTER 16 TEST QUESTIONS AND ANSWERS




Which five characteristics define full property rights? ANSWER the authority
to enter, take possession of, oversee, keep others out, and alienate (sell or
transfer) the property.

In what ways does CPR differ from open-access resources and private goods?
ANSWER They are competitive.


What is the analogy between club products and CPRs? ANSWER They can be
excluded as a group.

What kinds of CPRs are there? ANSWER: Community cattle grazing

Forestry in the community

Irrigation systems operated by the community

grounds for fishing

fertility of the soil in nomadic farming

Which four traits apply to CPRs? (require a broad understanding of all 4)
ANSWER 1. A clearly defined set of rights holders and clearly defined limits

2. Users are unable to select or block other users.

3. Although each user benefits fully from his extraction, he only bears a small
portion of the external costs he places on other people.
(As in the case of fishing, do not account for all external costs.) --> guidelines
need to restrict the ind. extraction levels

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