Common Property Resource (CPR) Theory

Common Property Resource (CPR) Theory explains how resources like forests, fisheries, or pastures, which are accessible to a community, are managed collectively. Since these resources are shared, individuals may have incentives to overuse or exploit them, leading to depletion—a dilemma known as the "tragedy of the commons." Effective management relies on community norms, rules, or regulations that promote sustainable use. CPR Theory highlights the importance of collective cooperation, local governance, and stewardship to ensure these shared resources remain productive and accessible for future generations.