| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 968984 | Journal of Public Economics | 2012 | 5 Pages |
Abstract
⺠We develop a model of scarce, renewable resources to study the commons problem. ⺠We show that property rights can often be less efficient than a commons. ⺠We compare the tradeoff between congestion and underutilization of resources. ⺠We show that each effect can potentially dominate the other under certain conditions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
R. Preston McAfee, Alan D. Miller,