The success of a common property regime can be partially judged on the basis of its ability to handle extreme events that stress its capacity for cooperation. This paper compares the performance of 38 irrigation associations in a large irrigation area in Spain during a severe drought as a test...

Traditional economic and policy analysis theory has emphasized the implementation of private or public property rights regimes in order to sustainably manage natural resources. More recent work has challenged this approach by examining the strengths and weakness of common property governance of...