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overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
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The common-property problem results in excessive mining, hunting, and extraction of oil and water. The same phenomenon is also responsible for excessive investment in Ramp;D and excessive outlays in rent-seeking contests. We propose a Partnership Solution to eliminate or at least mitigate these...
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overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
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