(DP 2015-03) Completing Ostrom’s Table: A Note on the Taxonomy of Goods
UPSE Discussion Papers
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Title |
(DP 2015-03) Completing Ostrom’s Table: A Note on the Taxonomy of Goods
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Creator |
de Dios, Emmanuel S.
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Subject |
public goods; common-pool resources; positive and negative externalities
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Description |
A framework is proposed to subsume public goods and common-pool resources, respectively, as specific cases of positive and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too uncertain relative to the high private cost for anyone to produce it in any amount. The common-pool problem is a case where each agent’s action imposes a negative externality on everyone else.JEL Codes: D61, D62, H41, H42
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Publisher |
UPSE Discussion Papers
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Contributor |
—
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Date |
2015-03-18
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/1474
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Source |
UPSE Discussion Papers; 2015 Discussion Papers
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Language |
eng
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Relation |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/1474/951
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