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Privatizing the Commons: The Distribution of Total Product

Terrebonne, R. Peter - In: Eastern Economic Journal 19 (1993) 2, pp. 165-171

Most research on common property has focused upon the implications of property rights for the maximization of social product. Paul Samuelson and Martin Weitzman looked at distribution and concluded that converting common property will reduce the product received by former users of common...

Persistent link: https://www.econbiz.de/10005769843

Intra-Jurisdictional Tax Competition

Klick, Jonathan; Parisi, Francesco - In: Constitutional Political Economy 16 (2005) 4, pp. 387-395

While much has been written about inter-jurisdictional competition for tax revenues, especially concerning the choice between harmonization and competition, the literature has largely ignored intra-jurisdiction issues. The few articles examining this issue focus on how lower level governmental...

Persistent link: https://www.econbiz.de/10005673726

The commons, common property, and environmental policy

Bromley, Daniel - In: Environmental & Resource Economics 2 (1992) 1, pp. 1-17

The conceptual confusion among property, common property, open access resources, and the “tragedy of the commons” is …

Persistent link: https://www.econbiz.de/10005681075

The Road to Extinction: Commons with Capital Markets

Dutta, Jayasri; Rowat, Colin - Department of Economics, University of Birmingham - 2007

We study extinction in a commons problem in which agents have access to capital markets. When the commons grows more … quickly than the interest rate, multiple equilibria are found for intermediate commons endowments. In one of these, welfare … access instantly depletes the commons. Without markets - the classic environment - equilibria are unique; extinction dates …

Persistent link: https://www.econbiz.de/10005738181

Privatizing the Commons and Economic Degradation

Ellis, Christopher J.; Birdyshaw, Edward - Department of Economics, University of Oregon - 2005

We develop a dynamic model of the exploitation of an environmental resource with endogenous property rights. We are able to explain both the evolution of property rights and environmental quality. In some circumstances the time path of environmental quality is U-shaped and resembles an...

Persistent link: https://www.econbiz.de/10005593770

Competition and Unitization in Oil Extraction: A Tale of Two Tragedies

Mohan, Vijay; Goorha, Prateek - In: Review of Law & Economics 4 (2008) 1, pp. 24-24

extraction suffers from the tragedy of the commons, unitization can be subject to the dual tragedy of the anticommons. This …

Persistent link: https://www.econbiz.de/10005751163

Property Rights Assignment: Conflict and the Implementability of Rules

Annen, Kurt - In: Economics of Governance 7 (2006) 2, pp. 155-166

Persistent link: https://www.econbiz.de/10005759936

Are economic ideas a sustainable commons? A study of the exchange of creative economics

Evans, Anthony J. - In: Romanian Economic Business Review 1 (2006) 3, pp. 43-53

In this essay I claim that productive markets need not necessarily involve clearly defined and enforced property rights, upon which a price system can be used to allocate resources. I shall pursue this thought by an examination of the mechanisms that facilitate the exchange of economic ideas,...

Persistent link: https://www.econbiz.de/10005787415

Markets and Cooperation

Spagnolo, Giancarlo - Economics Institute for Research (SIR), … - 1998

Why do money and markets crowd out cooperative relations? This paper characterizes the effects of intertemporal preferences, money, and markets on players' ability to cooperate in material-payoff supergames. Players' aversion to intertemporal substitution facilitates cooperation by decreasing...

Persistent link: https://www.econbiz.de/10005423791

Commons, anti-commons, corruption and 'maffia' behavior

Canavese, Alfredo - EconWPA - 2004

institutions devised to discourage it. The analytical framework used to explore the symmetric tragedies of the commons and the … and it can be discouraged by the introduction of competition among corrupt agents to turn it into a tragedy of the commons …

Persistent link: https://www.econbiz.de/10005412527