In 2009,the Nobel Prize in economics was awarded for work on the effectiveness of social norms in the management of commonly held property to:

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The Nobel Prize in economics in 2009 was awarded to Elinor Ostrom for her pioneering research on economic governance, especially the management of commonly held property. Her work challenged the traditional view that common property resources are typically overused and undermanaged and highlighted the effectiveness of social norms in governing such resources. Ostrom's work has been influential in the field of environmental economics and has contributed to a better understanding of how communities can work together to sustainably manage shared resources.

In 2009,the Nobel Prize in Economics Was Awarded for Work