A Common Property Resource or Common Pool Resource (CPR) is produced by a sufficiently large resource system that makes it costly but not impossible to exclude potential beneficiaries.
A resource system can be regarded as a stock variable that is under favorable conditions capable of producing a maximum quantity of a flow variable, without harming the stock or the resource system itself.
Examples are: Fishing grounds, vast and open pastures.
See also
Last updated: 10-12-2005 21:58:48
