A textbook for students of economics introducing the analysis of common pool resources, using basic game-theory tools.

Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.

It is widely recognized that local management of common pool resources can be more efficient and more effective than private markets or top-down government management, especially in remote rural communities in which the institutions necessary for the enforcement of centrally-imposed regulations may be weak or prone to elite capture. In this paper, we explore the propensity for cooperation in the management of local common resources by introducing a variant of a public goods game among remote rural communities in the state of Odisha, in eastern India. We explore various patterns of cooperation, including free riding behavior, unconditional cooperation (altruism), and conditional cooperation, in which individuals' propensity toward cooperation is tied to their beliefs about the level of cooperation among their peers. We find that a significant portion of our sample fall into this latter category, but also that their expectations about the level of contributions among their peers is somewhat malleable, and beneficial activities from external actors such as NGOs can foster increased social cohesion which increases both the level of these expectations and the manner in which these expectations are translated into subsequent cooperative behavior. We also find that cooperation is somewhat fragile, with group heterogeneity and risk in the returns to cooperative behavior posing a threat to the stability of the cooperative system.

This book explores the types of conflicts that occur over marine and coastal resources, the underlying causes, and attempts to prevent them. Despite the emergence of various marine and coastal governance approaches to address the effects of human activities within the marine environment, conflict continues. In this book, the author outlines the reasons conflicts can, and do, arise in the marine and coastal environment. Drawing on case studies from both the northern and southern hemispheres, the book takes a broad view of how we interact with our environment, of how and why conflict is perpetuated as a political and cultural phenomenon, and how this varies or remains constant across space and place. The case studies explore not only the underlying perceptions and needs of those involved in marine and coastal conflict and the types of conflicts that arise in oceanic and coastal areas, but also the underpinning reasons for these conflicts. Marine and coastal resource conflicts have the potential to derail conservation efforts and blue growth policies, as well as the United Nations Sustainable Development Goals. Thus, it is imperative we understand the drivers and exacerbating factors of marine and coastal conflict. Arguing that there is an urgent need for renewed thinking and focus on conflict prevention, the author develops a theory of marine and coastal conflict which allows us to understand those factors and the means to help prevent such conflicts arising in the first place. This book will be of interest to students and researchers of coastal and marine science and environmental management as well as those working in the field of marine resource management, including coastal zone managers and fisheries managers.

A revolutionary technological development of the late twentieth century, photonics embraces lasers, fiber optics, imaging devices, and optical applications to computing. It affects the fortunes of numerous industries and, other than conventional microelectronics, may now be the leading arena for worldwide technological rivalry. While Japan has seen its photonic industries grow faster than any other high technology sector, the United States, where much of photonics originated, has experienced a declining industrial capability in world markets. Why is the U.S. floundering in this critical new technology? Are market solutions adequate as a national response to such massive technological change? After describing the history and economic implications of photonics, this book places these questions in the context of industrial policy debates about the proper role of government in response to strategic industrial sectors. The author then assesses the U.S. public policy response by examining various government programs directed at photonics. These programs add up to an implicit government photonics policy, but one that is shortsighted, incoherent, and unplanned. Sternberg concludes that it is this failure to plan that explains United States' retrogression in a critical technology.

Economics: European Edition is the ideal text for introductory economics, bringing together an international scope of real world examples and economic theory. The text is supported by a number of features to enhance student understanding as well as supplements to consolidate the learning process.

For over a century, intellectual property (IP) regimes have been justified using Western philosophical theories rooted in the idea that IP must reward talent and maximize global stocks of knowledge and cultural products. Reframing IP in a context of legal pluralism, Ezieddin Elmahjub brings an Islamic and comparative narrative to the appropriate design and scope of IP rights, and in doing so criticizes the dominance of Western influence on a global regime that impacts the ability of people to access medicine, to read, to imagine, and to reshape popular culture. The Islamic vision of IP, which is based on a broad theory of social justice, maintains that IP cannot simply be seen as a reward for effort or tool to maximize economic efficiency but as one legal right within a complicated distributive scheme affecting fundamental human rights, equal opportunities, and human capabilities.