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Learn about Elinor Ostrom's influential definition of institutions from her seminal work "Governing the Commons: The Evolution of Institutions for Collective Action" in this 13-minute educational video. Explore the broader context of institutional frameworks, understand Ostrom's specific interpretation, and delve into key concepts like working rules and nested rule structures that shape collective action and resource management. Gain insights into how these institutional definitions impact the governance of common resources and social organization.
