Which statement(s) can be attributed to Elinor Ostrom?
I. She identified rules that are required for sustainable user-managed common property resources.
II. She identified the concept of government failure.
III. She argued that under certain conditions, the efficient allocation of resources among parties can be attained through bargaining.

Question

Quizplus · Accepted Answer

Elinor Ostrom is best known for her work on how communities can successfully manage common resources, such as fisheries, grazing lands, and irrigation waters, through collective action and self-governance, which is encapsulated in statement I. While she discussed the limitations of government interventions and market solutions in managing common-pool resources, the specific concept of "government failure" is more broadly associated with public choice theory and not uniquely attributed to her. Statement III, regarding the efficient allocation of resources through bargaining, aligns more closely with the Coase Theorem in economics, rather than Ostrom's specific contributions.

Which Statement(s) Can Be Attributed to Elinor Ostrom