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This paper introduces a solution for the fair division of common property resources in production economies with multiple inputs and outputs. It is derived from complementing the Walrasian solution by welfare bounds, whose ethical justi?cation rests on commonality of ownership. We then apply...
Persistent link: https://www.econbiz.de/10013428460
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We show that U.S. withdrawal from the Kyoto Protocol is straightforward under political economy considerations. The …
Persistent link: https://www.econbiz.de/10001666884