CPR (Common-pool resource) theory

Common-pool resource (CPR) theory examines how shared resources—like fisheries, forests, or water sources—are managed. These resources are accessible to many, but overuse can lead to depletion, known as the "tragedy of the commons." Effective management requires rules, cooperation, and sometimes regulation to prevent exhaustion. CPR theory studies how communities and institutions can sustainably share and preserve these resources, balancing individual interests with collective well-being to ensure long-term availability.