Contractual solution to the tragedy of property right in coastal fisheries

This article aims to analyze how private property regimes can co-exist with common property regimes in a coastal area. The case study shows how the dynamics of private property and common property right holders is in creating commitment to make symbiosis in resource use. This is based on a case study in two villages in West Lombok, Indonesia, where pearl-culture as a private property resource exists in a common property regime. This is a successful story in dealing with the tragedy of property rights in the country wherein established institutional arrangement is still absent. Nevertheless, this may be site specific, and fragile if there is no institutional arrangement combining formal and informal rules and involving both formal and informal authorities. To make a robust solution, multilevel solution must be considered: national, local, and community level, with reference to Japan case.