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Governing Access to Essential Resources$
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Katharina Pistor and Olivier De Schutter

Print publication date: 2015

Print ISBN-13: 9780231172783

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231172783.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 13 June 2021

Local Corporations

Local Corporations

A Corporate Form to Reduce Information Costs and Maintain Supportive Resources

Chapter:
(p.336) Chapter 17 Local Corporations
Source:
Governing Access to Essential Resources
Author(s):

James Krueger

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231172783.003.0017

Krueger asserts that absolute scarcity poses a fundamental challenge to humankind. He agrees that Voice and Reflexivity depend on communities and develops a framework for creating communities with the capacity to govern in accordance with these normative principles. Specifically, he advocates a system of layered governance with local corporations that control essential resources occupying a role as intermediaries. These local corporations should retain some control over entry and exit; include multiple stakeholders that share collective responsibility for the entity; and employ governance regimes that promote good governance.

Keywords:   governance through intermediation, entry/exit, ecosystem services

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