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(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
 
Creator de Dios, Emmanuel S.
 
Subject public goods; common-pool resources; positive and negative externalities
 
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
 
Publisher UPSE Discussion Papers
 
Contributor
 
Date 2015-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/1474
 
Source UPSE Discussion Papers; 2015 Discussion Papers
 
Language eng
 
Relation http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/1474/951