Nobel Prize in Economics to Elinor Ostrom "for her analysis of economic governance, especially the commons"

The 2009 Nobel Prize in Economics was awarded today to Elinor Ostrom and Oliver Williamson for their research on economic governance. Ostrom’s award is particularly exciting, for it cites her study of the commons. Commons? That sounds familiar! Ostrom’s pioneering work mostly concerns the governance of common-pool resources — resources that are rivalrous (i.e., scarce, … Read More “Nobel Prize in Economics to Elinor Ostrom "for her analysis of economic governance, especially the commons"”