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Elinor Ostrom, the 2009 Nobel Memorial Prize co-winner in Economic Sciences, co-presented and published an article in conjunction with the Indiana Law Review's Symposium on "The Law and Economics of Development and Environment" at the Indiana University School of Law-Indianapolis, on January 22, 2005. The article, Conserving the World's Forests: Are Protected Areas the Only Way? , 38 Ind. L. Rev. 595, was co-authored with Tanya Hayes, assistant professor of Environmental Studies & Public Affairs, at the Institute for Public Service, Seattle University.

The article challenges the "belief that strictly regulated protected areas are the only way to ensure forest conservation." Ostrom and Hayes propose that "a system of rights and conservation policies that link state and local conservation efforts may lead to greater protection of the world's forests." Ostrom's Nobel prize was awarded “for her analysis of economic governance, especially the commons." Ostrom is the Arthur F. Bentley Professor of Political Science, Senior Research Director of the Workshop in Political Theory and Policy Analysis, Professor of Public and Environmental Affairs, and Founding Director of the Center for the Study of Institutional Diversity at Arizona State University.