Private property rights are widely considered an effective institutional arrangement to allocate scarce goods and combat what has been termed the “tragedy of the commons”. Their use for governing essential resources, such as food, water and shelter under conditions of scarcity, however, is less certain. Any governance regime for such resources must meet at least three baseline conditions: equity (fair access), efficiency (improved productivity and growth) and (environmental) sustainability. The Panel Discussion on Triangulating Property Rights seeks to advance alternative governance solutions by drawing on theory, as well as legal and empirical research.
This event is made possible by generous funding from the Andrew W. Mellon Foundation.