I'm not adventured, nor do I care to give my opinion on the issue, but two proposed solutions are:
1) Fixing the commons by eliminating them - grant property rights to the users which align their incentives with a longer-term health of the "thing" and allow markets to emerge.
1) Fixing the commons by eliminating them - grant property rights to the users which align their incentives with a longer-term health of the "thing" and allow markets to emerge.
Free Market Environmentalism has a few examples of this working in the real world: http://www.amazon.com/Free-Market-Environmentalism-Terry-And...
2) Allow local communities to form their own rules on how to manage their own resources, and monitor each other.
Governing the Commons by Elinor Ostrom (winner of the "Nobel in Economics" by her life-long work on these issues) has empirical data of cases from Kenya to LA: http://www.amazon.com/Governing-Commons-Evolution-Institutio...