Elinor Ostrom's work presents a "third way" of governing the commons.
Lone Mountain Fellow
Eric Edwards is an Assistant Professor in Agricultural and Resource Economics at North Carolina State University. His research examines environmental and natural resource management institutions across a variety of resources including ground and surface water, oil and gas, land, and fisheries. In the area of water resources, his work focuses on the incentives impediments to groundwater users to establishing property rights, the effect of market institutions on water trading and welfare in the United States, Chile, and Australia, and the potential for water conservation markets to preserve ecosystems. Other work has examined how land ownership affects agricultural investment decisions and oil and gas drilling, and how tradeable property rights to surface water and fish impact communities reliant on extractive industry.