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The relative advantages of private property and common property for the efficiency, equity, and sustainability of natural resource use patterns have long been debated in the legal and economics literatures. The debate has been clouded by a troika of confusions that relate to the difference...
Persistent link: https://www.econbiz.de/10014212717
Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. report little difference between cooperation in private and common property trust games. We...
Persistent link: https://www.econbiz.de/10013128291
This paper revisits the tragedy of the commons when agents have different capabilities in both production and … obeys a relative advantage criterion. Several equilibria may exist. The "tragedy of the commons" equilibrium without …
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institutional change in the welfare state * On the nature of welfare goods * Privatization and the nature of welfare goods * On the …
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Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. [1] report little difference between cooperation in private and common property trust games....
Persistent link: https://www.econbiz.de/10009752448