Common Property vs. Public Property vs. Open Access Property

This video explains the difference between common property, public property, and open access property in Institutional Economics.

[@Invictus66475]

Thank you , I recently was trying to understand the Nile River problem between Egypt, Sudan, and Ethiopia and the concept of the common of tragedy you taught before came to my mind. I don't know if the Nile problem is good example of the this concept or not?

[@asorata2]

Since the dominant economic theory is only a rationalization of the interests of those who hold both political and economic power, it would be interesting to review the basic assumptions on which economic theory is based. A greeting. HI.